Caprock Group LLC Invests $1.15 Million in SPDR S&P Dividend ETF $SDY

Caprock Group LLC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,100 shares of the company’s stock, valued at approximately $1,145,000.

A number of other institutional investors have also added to or reduced their stakes in SDY. CVA Family Office LLC increased its holdings in shares of SPDR S&P Dividend ETF by 60.0% during the third quarter. CVA Family Office LLC now owns 200 shares of the company’s stock worth $28,000 after buying an additional 75 shares in the last quarter. Flagship Wealth Advisors LLC increased its holdings in SPDR S&P Dividend ETF by 625.0% in the 3rd quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after purchasing an additional 175 shares in the last quarter. Compass Financial Services Inc acquired a new position in SPDR S&P Dividend ETF in the 3rd quarter worth about $29,000. Global Wealth Strategies & Associates raised its position in SPDR S&P Dividend ETF by 985.0% in the third quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock valued at $30,000 after purchasing an additional 197 shares during the last quarter. Finally, Total Investment Management Inc. acquired a new stake in shares of SPDR S&P Dividend ETF during the second quarter valued at about $43,000. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Trading Up 0.7%

NYSEARCA:SDY opened at $155.25 on Friday. The stock’s 50-day moving average is $144.82 and its 200-day moving average is $141.21. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $156.06. The stock has a market cap of $22.01 billion, a P/E ratio of 19.85 and a beta of 0.79.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.