First National Trust Co Sells 659 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

First National Trust Co lowered its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 8.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,036 shares of the company’s stock after selling 659 shares during the period. First National Trust Co’s holdings in SPDR S&P Dividend ETF were worth $879,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SDY. Royal Bank of Canada raised its position in SPDR S&P Dividend ETF by 0.4% in the 3rd quarter. Royal Bank of Canada now owns 2,644,815 shares of the company’s stock valued at $304,180,000 after buying an additional 10,757 shares during the last quarter. Raymond James & Associates lifted its position in shares of SPDR S&P Dividend ETF by 1.5% in the fourth quarter. Raymond James & Associates now owns 2,332,268 shares of the company’s stock worth $291,463,000 after purchasing an additional 34,564 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC lifted its position in shares of SPDR S&P Dividend ETF by 18.6% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 1,478,260 shares of the company’s stock worth $170,015,000 after purchasing an additional 231,382 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in SPDR S&P Dividend ETF by 10,945.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,134,468 shares of the company’s stock worth $141,774,000 after purchasing an additional 1,124,197 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in SPDR S&P Dividend ETF by 2.4% in the third quarter. Janney Montgomery Scott LLC now owns 1,112,783 shares of the company’s stock valued at $127,981,000 after purchasing an additional 26,304 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

NYSEARCA:SDY traded up $0.51 on Friday, hitting $128.60. 191,750 shares of the company’s stock were exchanged, compared to its average volume of 370,541. The firm has a 50-day moving average price of $127.86 and a 200-day moving average price of $123.19. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $131.67. The company has a market cap of $20.34 billion, a P/E ratio of 19.72 and a beta of 0.68.

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.