SPDR S&P Dividend ETF $SDY Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC cut its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 502,568 shares of the company’s stock after selling 7,752 shares during the quarter. SPDR S&P Dividend ETF makes up 1.1% of Capital Investment Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. Capital Investment Advisors LLC owned about 0.35% of SPDR S&P Dividend ETF worth $69,937,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Corp purchased a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter worth approximately $5,486,000. Signal Advisors Wealth LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the third quarter valued at approximately $539,000. Canal Capital Management LLC grew its holdings in SPDR S&P Dividend ETF by 106.8% during the second quarter. Canal Capital Management LLC now owns 8,328 shares of the company’s stock worth $1,130,000 after acquiring an additional 4,300 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in SPDR S&P Dividend ETF during the second quarter worth $1,224,000. Finally, Focus Partners Advisor Solutions LLC raised its position in SPDR S&P Dividend ETF by 71.9% in the third quarter. Focus Partners Advisor Solutions LLC now owns 9,820 shares of the company’s stock worth $1,365,000 after acquiring an additional 4,109 shares in the last quarter. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

SPDR S&P Dividend ETF stock opened at $144.41 on Friday. The company has a market cap of $20.48 billion, a P/E ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $156.39. The business has a fifty day moving average of $150.45 and a two-hundred day moving average of $143.45.

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.