Kovack Advisors Inc. Raises Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Kovack Advisors Inc. lifted its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,225 shares of the company’s stock after acquiring an additional 203 shares during the quarter. Kovack Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $1,026,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. grew its stake in SPDR S&P Dividend ETF by 101.6% in the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock valued at $33,000 after acquiring an additional 127 shares during the last quarter. SageView Advisory Group LLC increased its stake in shares of SPDR S&P Dividend ETF by 42.4% during the 1st quarter. SageView Advisory Group LLC now owns 5,904 shares of the company’s stock worth $775,000 after purchasing an additional 1,759 shares in the last quarter. Kingsview Wealth Management LLC raised its position in shares of SPDR S&P Dividend ETF by 15.9% during the 1st quarter. Kingsview Wealth Management LLC now owns 4,199 shares of the company’s stock worth $551,000 after purchasing an additional 577 shares during the last quarter. HBK Sorce Advisory LLC raised its position in shares of SPDR S&P Dividend ETF by 92.7% during the 1st quarter. HBK Sorce Advisory LLC now owns 3,970 shares of the company’s stock worth $521,000 after purchasing an additional 1,910 shares during the last quarter. Finally, RFP Financial Group LLC purchased a new stake in SPDR S&P Dividend ETF in the 1st quarter valued at approximately $125,000.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA:SDY opened at $140.78 on Thursday. The business’s fifty day moving average price is $140.59 and its two-hundred day moving average price is $134.56. The stock has a market cap of $22.27 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a one year low of $115.51 and a one year high of $144.06.

About SPDR S&P Dividend ETF

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.