Capstone Wealth Management Group LLC Lowers Stock Position in SPDR S&P Dividend ETF $SDY

Capstone Wealth Management Group LLC lessened its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 41.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,472 shares of the company’s stock after selling 7,495 shares during the period. Capstone Wealth Management Group LLC’s holdings in SPDR S&P Dividend ETF were worth $1,528,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Morgan Stanley increased its stake in shares of SPDR S&P Dividend ETF by 2.0% in the 4th quarter. Morgan Stanley now owns 4,840,696 shares of the company’s stock worth $673,631,000 after acquiring an additional 95,878 shares in the last quarter. Raymond James Financial Inc. boosted its stake in SPDR S&P Dividend ETF by 4.0% during the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after acquiring an additional 119,562 shares in the last quarter. Joel Isaacson & Co. LLC boosted its stake in SPDR S&P Dividend ETF by 4.6% during the fourth quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock worth $388,038,000 after acquiring an additional 121,368 shares in the last quarter. Wells Fargo & Company MN grew its holdings in SPDR S&P Dividend ETF by 1.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,076,605 shares of the company’s stock worth $288,980,000 after purchasing an additional 39,572 shares during the period. Finally, UBS Group AG increased its stake in shares of SPDR S&P Dividend ETF by 10.5% during the third quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock valued at $242,663,000 after purchasing an additional 165,053 shares in the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Up 0.4%

Shares of SDY opened at $155.62 on Wednesday. The business’s 50 day moving average price is $150.15 and its 200-day moving average price is $148.55. SPDR S&P Dividend ETF has a 52 week low of $135.30 and a 52 week high of $156.82. The stock has a market cap of $21.87 billion, a P/E ratio of 19.85 and a beta of 0.69.

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.