Kapstone Financial Advisors LLC Reduces Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Kapstone Financial Advisors LLC lessened its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 9.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,663 shares of the company’s stock after selling 400 shares during the quarter. Kapstone Financial Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $519,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Summit Asset Management LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the third quarter worth $210,000. Kovack Advisors Inc. raised its holdings in shares of SPDR S&P Dividend ETF by 2.9% in the 3rd quarter. Kovack Advisors Inc. now owns 7,225 shares of the company’s stock valued at $1,026,000 after acquiring an additional 203 shares in the last quarter. Pinnacle Financial Partners Inc boosted its position in shares of SPDR S&P Dividend ETF by 1.0% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 10,889 shares of the company’s stock valued at $1,547,000 after acquiring an additional 112 shares during the last quarter. Aptus Capital Advisors LLC grew its holdings in shares of SPDR S&P Dividend ETF by 21.0% during the third quarter. Aptus Capital Advisors LLC now owns 3,312 shares of the company’s stock worth $470,000 after purchasing an additional 574 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of SPDR S&P Dividend ETF in the third quarter worth approximately $67,000.

SPDR S&P Dividend ETF Stock Performance

SDY traded down $0.30 on Thursday, reaching $140.48. The company had a trading volume of 39,346 shares, compared to its average volume of 278,255. SPDR S&P Dividend ETF has a 52-week low of $117.25 and a 52-week high of $144.06. The company has a market cap of $22.22 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The business has a 50 day simple moving average of $140.61 and a 200 day simple moving average of $134.60.

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.