Kapstone Financial Advisors LLC Has $519,000 Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Kapstone Financial Advisors LLC cut its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 9.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,663 shares of the company’s stock after selling 400 shares during the period. Kapstone Financial Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $519,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of SDY. Capital Performance Advisors LLP bought a new stake in shares of SPDR S&P Dividend ETF during the 3rd quarter valued at $31,000. JNBA Financial Advisors acquired a new position in SPDR S&P Dividend ETF in the third quarter valued at about $32,000. Russell Investments Group Ltd. lifted its position in SPDR S&P Dividend ETF by 101.6% during the first quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock worth $33,000 after purchasing an additional 127 shares during the period. Assetmark Inc. grew its stake in SPDR S&P Dividend ETF by 192.0% during the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after buying an additional 167 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL grew its stake in SPDR S&P Dividend ETF by 113.8% during the third quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock worth $37,000 after buying an additional 140 shares in the last quarter.

SPDR S&P Dividend ETF Stock Down 0.2 %

Shares of NYSEARCA:SDY traded down $0.30 during midday trading on Thursday, hitting $140.48. The stock had a trading volume of 39,346 shares, compared to its average volume of 278,255. The company’s 50-day moving average price is $140.61 and its 200-day moving average price is $134.60. SPDR S&P Dividend ETF has a fifty-two week low of $117.25 and a fifty-two week high of $144.06. The company has a market capitalization of $22.22 billion, a P/E ratio of 19.72 and a beta of 0.68.

SPDR S&P Dividend ETF 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.