Kestra Private Wealth Services LLC Increases Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Kestra Private Wealth Services LLC increased its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 25,102 shares of the company’s stock after acquiring an additional 680 shares during the period. Kestra Private Wealth Services LLC’s holdings in SPDR S&P Dividend ETF were worth $3,316,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SDY. Ritholtz Wealth Management grew its position in shares of SPDR S&P Dividend ETF by 9.7% in the 4th quarter. Ritholtz Wealth Management now owns 5,718 shares of the company’s stock worth $755,000 after buying an additional 505 shares during the period. Key Client Fiduciary Advisors LLC grew its holdings in SPDR S&P Dividend ETF by 3.7% in the third quarter. Key Client Fiduciary Advisors LLC now owns 2,720 shares of the company’s stock worth $386,000 after purchasing an additional 98 shares during the period. Franklin Resources Inc. increased its stake in shares of SPDR S&P Dividend ETF by 2.2% during the third quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock valued at $8,189,000 after purchasing an additional 1,222 shares in the last quarter. CX Institutional lifted its holdings in shares of SPDR S&P Dividend ETF by 4.0% during the third quarter. CX Institutional now owns 66,854 shares of the company’s stock valued at $9,496,000 after purchasing an additional 2,580 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in shares of SPDR S&P Dividend ETF in the 3rd quarter worth approximately $3,488,000.

SPDR S&P Dividend ETF Trading Up 0.5 %

Shares of NYSEARCA:SDY opened at $133.51 on Tuesday. The stock has a fifty day simple moving average of $134.52 and a two-hundred day simple moving average of $137.53. SPDR S&P Dividend ETF has a 12-month low of $121.52 and a 12-month high of $144.45. The stock has a market capitalization of $21.12 billion, a price-to-earnings 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.