SPDR S&P Dividend ETF (SDY) is Starfire Investment Advisers Inc.’s 6th Largest Position

Starfire Investment Advisers Inc. lowered its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 39.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 78,946 shares of the company’s stock after selling 51,479 shares during the period. SPDR S&P Dividend ETF accounts for about 3.8% of Starfire Investment Advisers Inc.’s investment portfolio, making the stock its 6th largest holding. Starfire Investment Advisers Inc.’s holdings in SPDR S&P Dividend ETF were worth $7,731,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SDY. The Manufacturers Life Insurance Company raised its position in shares of SPDR S&P Dividend ETF by 14.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 19,514 shares of the company’s stock worth $1,780,000 after acquiring an additional 2,493 shares in the last quarter. Millennium Management LLC raised its position in shares of SPDR S&P Dividend ETF by 15.4% in the 1st quarter. Millennium Management LLC now owns 9,378 shares of the company’s stock worth $855,000 after acquiring an additional 1,253 shares in the last quarter. Bank of Montreal Can raised its position in shares of SPDR S&P Dividend ETF by 6.6% in the 2nd quarter. Bank of Montreal Can now owns 426,483 shares of the company’s stock worth $39,535,000 after acquiring an additional 26,509 shares in the last quarter. Nwam LLC raised its position in shares of SPDR S&P Dividend ETF by 4.8% in the 2nd quarter. Nwam LLC now owns 23,075 shares of the company’s stock worth $2,139,000 after acquiring an additional 1,060 shares in the last quarter. Finally, Live Your Vision LLC raised its position in shares of SPDR S&P Dividend ETF by 168.7% in the 2nd quarter. Live Your Vision LLC now owns 1,115 shares of the company’s stock worth $105,000 after acquiring an additional 700 shares in the last quarter.

Shares of NYSEARCA:SDY opened at $97.33 on Friday. SPDR S&P Dividend ETF has a 52-week low of $87.95 and a 52-week high of $100.07.

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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.

Further Reading: What is the Dow Jones Industrial Average (DJIA)?

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Institutional Ownership by Quarter for SPDR S&P Dividend ETF (NYSEARCA:SDY)

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