Kestra Advisory Services LLC Reduces Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Kestra Advisory Services LLC lessened its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 14.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149,599 shares of the company’s stock after selling 25,119 shares during the quarter. Kestra Advisory Services LLC owned about 0.09% of SPDR S&P Dividend ETF worth $19,633,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC increased its holdings in shares of SPDR S&P Dividend ETF by 10,945.4% in the 4th quarter. International Assets Investment Management LLC now owns 1,134,468 shares of the company’s stock valued at $141,774,000 after acquiring an additional 1,124,197 shares during the period. Pathstone Holdings LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at about $94,819,000. Legacy Financial Group LLC raised its holdings in shares of SPDR S&P Dividend ETF by 1,574.9% in the first quarter. Legacy Financial Group LLC now owns 393,594 shares of the company’s stock valued at $51,655,000 after buying an additional 370,094 shares during the last quarter. Argent Capital Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $15,142,000. Finally, Sar Wealth Management Group LLC purchased a new position in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $12,265,000.

SPDR S&P Dividend ETF Stock Up 1.1 %

SDY traded up $1.52 on Friday, hitting $133.93. 195,347 shares of the company traded hands, compared to its average volume of 323,297. SPDR S&P Dividend ETF has a 12-month low of $109.87 and a 12-month high of $134.47. The company has a 50 day moving average of $129.26 and a 200-day moving average of $127.65. The stock has a market capitalization of $21.19 billion, a PE ratio of 19.72 and a beta of 0.68.

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.