SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 456,897 shares of the company’s stock after selling 10,656 shares during the quarter. PNC Financial Services Group Inc. owned about 0.29% of SPDR S&P Dividend ETF worth $64,898,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SDY. Fifth Third Securities Inc. lifted its holdings in shares of SPDR S&P Dividend ETF by 7.9% in the 2nd quarter. Fifth Third Securities Inc. now owns 12,567 shares of the company’s stock valued at $1,598,000 after buying an additional 922 shares during the period. LRI Investments LLC acquired a new position in SPDR S&P Dividend ETF in the first quarter valued at approximately $492,000. Choreo LLC boosted its position in SPDR S&P Dividend ETF by 6.7% in the 2nd quarter. Choreo LLC now owns 20,387 shares of the company’s stock worth $2,568,000 after purchasing an additional 1,276 shares in the last quarter. Bristlecone Advisors LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the 2nd quarter worth approximately $199,000. Finally, Forbes Financial Planning Inc. increased its holdings in shares of SPDR S&P Dividend ETF by 1.5% during the 2nd quarter. Forbes Financial Planning Inc. now owns 38,019 shares of the company’s stock valued at $4,835,000 after purchasing an additional 568 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA SDY opened at $139.66 on Thursday. The company has a market capitalization of $22.09 billion, a PE ratio of 19.72 and a beta of 0.68. The company’s fifty day moving average price is $140.74 and its 200 day moving average price is $135.02. SPDR S&P Dividend ETF has a 1 year low of $117.66 and a 1 year high of $144.06.

SPDR S&P Dividend ETF Company Profile

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.