Capstone Wealth Management Group LLC lifted its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 76.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 18,556 shares of the company’s stock after acquiring an additional 8,051 shares during the period. SPDR S&P Dividend ETF accounts for about 1.1% of Capstone Wealth Management Group LLC’s portfolio, making the stock its 23rd biggest position. Capstone Wealth Management Group LLC’s holdings in SPDR S&P Dividend ETF were worth $2,599,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of SPDR S&P Dividend ETF by 0.5% in the 1st quarter. Bank of America Corp DE now owns 7,319,410 shares of the company’s stock valued at $1,068,195,000 after purchasing an additional 36,785 shares during the period. Joel Isaacson & Co. LLC grew its stake in shares of SPDR S&P Dividend ETF by 0.5% during the third quarter. Joel Isaacson & Co. LLC now owns 2,909,383 shares of the company’s stock worth $426,166,000 after purchasing an additional 14,962 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of SPDR S&P Dividend ETF by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,111,642 shares of the company’s stock worth $169,170,000 after purchasing an additional 8,231 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of SPDR S&P Dividend ETF by 0.9% during the second quarter. Janney Montgomery Scott LLC now owns 577,947 shares of the company’s stock worth $87,952,000 after purchasing an additional 5,348 shares during the period. Finally, HighTower Advisors LLC grew its stake in shares of SPDR S&P Dividend ETF by 0.4% during the second quarter. HighTower Advisors LLC now owns 481,025 shares of the company’s stock worth $73,202,000 after purchasing an additional 1,899 shares during the period. 43.42% of the stock is owned by institutional investors.
SPDR S&P Dividend ETF Trading Up 0.3%
NYSEARCA SDY opened at $164.16 on Thursday. The stock has a 50-day simple moving average of $154.29 and a 200 day simple moving average of $152.27. The company has a market capitalization of $22.74 billion, a PE ratio of 20.27 and a beta of 0.68. SPDR S&P Dividend ETF has a 12 month low of $135.85 and a 12 month high of $166.61.
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.
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