SPDR S&P Dividend ETF (SDY) is Market Street Wealth Management Advisors LLC’s 7th Largest Position

Market Street Wealth Management Advisors LLC decreased its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 16.5% in the first quarter, HoldingsChannel.com reports. The firm owned 56,553 shares of the company’s stock after selling 11,201 shares during the period. SPDR S&P Dividend ETF accounts for about 5.6% of Market Street Wealth Management Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Market Street Wealth Management Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $5,622,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SDY. Certified Advisory Corp lifted its position in SPDR S&P Dividend ETF by 1.1% in the 4th quarter. Certified Advisory Corp now owns 11,159 shares of the company’s stock worth $999,000 after buying an additional 120 shares in the last quarter. Merriman Wealth Management LLC lifted its position in SPDR S&P Dividend ETF by 6.6% in the 4th quarter. Merriman Wealth Management LLC now owns 2,268 shares of the company’s stock worth $204,000 after buying an additional 140 shares in the last quarter. Ancora Advisors LLC lifted its position in SPDR S&P Dividend ETF by 1.7% in the 4th quarter. Ancora Advisors LLC now owns 8,284 shares of the company’s stock worth $742,000 after buying an additional 141 shares in the last quarter. Rossmore Private Capital raised its holdings in shares of SPDR S&P Dividend ETF by 5.9% during the 4th quarter. Rossmore Private Capital now owns 2,700 shares of the company’s stock valued at $242,000 after purchasing an additional 150 shares in the last quarter. Finally, Intersect Capital LLC raised its holdings in shares of SPDR S&P Dividend ETF by 4.6% during the 4th quarter. Intersect Capital LLC now owns 3,382 shares of the company’s stock valued at $303,000 after purchasing an additional 150 shares in the last quarter.

Shares of SPDR S&P Dividend ETF stock traded down $0.17 during midday trading on Monday, reaching $101.12. 6,005 shares of the company’s stock traded hands, compared to its average volume of 792,869. SPDR S&P Dividend ETF has a 52 week low of $84.28 and a 52 week high of $101.32.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 18th were issued a dividend of $0.5309 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.10%.

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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.

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

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