Dynamic Advisor Solutions LLC Sells 2,900 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Dynamic Advisor Solutions LLC trimmed its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,514 shares of the company’s stock after selling 2,900 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in SPDR S&P Dividend ETF were worth $9,254,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. J.W. Cole Advisors Inc. grew its holdings in SPDR S&P Dividend ETF by 85.2% during the fourth quarter. J.W. Cole Advisors Inc. now owns 55,260 shares of the company’s stock worth $6,906,000 after buying an additional 25,430 shares in the last quarter. Key Financial Inc increased its position in shares of SPDR S&P Dividend ETF by 4.5% during the 4th quarter. Key Financial Inc now owns 4,209 shares of the company’s stock valued at $526,000 after purchasing an additional 180 shares during the last quarter. UBS Group AG grew its position in SPDR S&P Dividend ETF by 3.5% during the 4th quarter. UBS Group AG now owns 1,993,538 shares of the company’s stock worth $249,132,000 after acquiring an additional 67,304 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in SPDR S&P Dividend ETF by 9.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 18,512 shares of the company’s stock worth $2,313,000 after buying an additional 1,669 shares during the period. Finally, Interchange Capital Partners LLC lifted its holdings in SPDR S&P Dividend ETF by 5.6% in the 4th quarter. Interchange Capital Partners LLC now owns 5,624 shares of the company’s stock worth $703,000 after buying an additional 298 shares during the period.

SPDR S&P Dividend ETF Price Performance

Shares of SDY traded down $1.50 during trading hours on Tuesday, hitting $127.86. The stock had a trading volume of 294,007 shares, compared to its average volume of 336,537. The firm has a market capitalization of $20.23 billion, a PE ratio of 19.72 and a beta of 0.68. The stock has a fifty day moving average price of $129.02 and a 200 day moving average price of $126.79. SPDR S&P Dividend ETF has a 12 month low of $109.87 and a 12 month high of $132.49.

About SPDR S&P Dividend ETF

The SPDR S&P Dividend ETF seeks to closely match the returns and characteristics of the S&P High Yield Dividend Aristocrats Index (the Index). The Index is designed to measure the performance of the 60 highest dividend yielding S&P Composite 1500 Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 consecutive years.