Valmark Advisers Inc. Sells 613 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

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Valmark Advisers Inc. lowered its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,918 shares of the company’s stock after selling 613 shares during the period. Valmark Advisers Inc.’s holdings in SPDR S&P Dividend ETF were worth $1,202,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Raymond James & Associates boosted its holdings in shares of SPDR S&P Dividend ETF by 4.6% during the 1st quarter. Raymond James & Associates now owns 4,252,272 shares of the company’s stock valued at $422,719,000 after purchasing an additional 188,693 shares during the last quarter. Joel Isaacson & Co. LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 1.0% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 1,858,029 shares of the company’s stock valued at $187,438,000 after purchasing an additional 17,517 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of SPDR S&P Dividend ETF by 1.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,630,550 shares of the company’s stock valued at $164,490,000 after purchasing an additional 29,021 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 7.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,251,953 shares of the company’s stock valued at $126,297,000 after purchasing an additional 87,792 shares during the last quarter. Finally, Capital Investment Advisors LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 5.8% during the 2nd quarter. Capital Investment Advisors LLC now owns 1,160,802 shares of the company’s stock valued at $117,252,000 after purchasing an additional 64,070 shares during the last quarter.

Shares of SDY traded down $0.34 during midday trading on Tuesday, hitting $97.52. 11,196 shares of the company traded hands, compared to its average volume of 623,919. The firm has a 50 day moving average of $100.22 and a 200-day moving average of $99.68. SPDR S&P Dividend ETF has a 52 week low of $84.28 and a 52 week high of $102.96.

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.

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

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