SPDR S&P Dividend ETF $SDY Shares Sold by Mechanics Bank Trust Department

Mechanics Bank Trust Department lessened its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 29.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,003 shares of the company’s stock after selling 6,536 shares during the period. Mechanics Bank Trust Department’s holdings in SPDR S&P Dividend ETF were worth $2,241,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC lifted its position in SPDR S&P Dividend ETF by 15.7% during the second quarter. Park Avenue Securities LLC now owns 11,458 shares of the company’s stock valued at $1,555,000 after purchasing an additional 1,551 shares during the period. Novem Group grew its position in SPDR S&P Dividend ETF by 0.3% during the 2nd quarter. Novem Group now owns 29,191 shares of the company’s stock worth $3,962,000 after purchasing an additional 100 shares during the period. Almanack Investment Partners LLC. purchased a new position in shares of SPDR S&P Dividend ETF during the 2nd quarter valued at about $494,000. Signal Advisors Wealth LLC purchased a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter valued at about $539,000. Finally, Canal Capital Management LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 106.8% in the 2nd quarter. Canal Capital Management LLC now owns 8,328 shares of the company’s stock valued at $1,130,000 after buying an additional 4,300 shares during the period. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Up 0.6%

SPDR S&P Dividend ETF stock opened at $140.04 on Monday. The business’s 50-day moving average price is $139.05 and its 200 day moving average price is $139.08. The firm has a market cap of $20.01 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a 52 week low of $119.83 and a 52 week high of $143.49.

SPDR S&P Dividend ETF 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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.