Capstone Wealth Management Group LLC Purchases 145 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Capstone Wealth Management Group LLC increased its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,713 shares of the company’s stock after purchasing an additional 145 shares during the period. SPDR S&P Dividend ETF makes up approximately 3.1% of Capstone Wealth Management Group LLC’s portfolio, making the stock its 9th largest position. Capstone Wealth Management Group LLC’s holdings in SPDR S&P Dividend ETF were worth $5,215,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SDY. Cetera Investment Advisers lifted its stake in shares of SPDR S&P Dividend ETF by 283.2% in the first quarter. Cetera Investment Advisers now owns 688,750 shares of the company’s stock valued at $90,392,000 after purchasing an additional 509,007 shares during the period. Legacy Financial Group LLC boosted its stake in shares of SPDR S&P Dividend ETF by 1,574.9% during the 1st quarter. Legacy Financial Group LLC now owns 393,594 shares of the company’s stock worth $51,655,000 after acquiring an additional 370,094 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of SPDR S&P Dividend ETF by 114.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 363,430 shares of the company’s stock worth $46,221,000 after acquiring an additional 194,290 shares during the period. Strategic Financial Concepts LLC raised its holdings in SPDR S&P Dividend ETF by 4,418.2% during the second quarter. Strategic Financial Concepts LLC now owns 88,692 shares of the company’s stock worth $11,280,000 after purchasing an additional 86,729 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in SPDR S&P Dividend ETF during the second quarter worth $10,044,000.

SPDR S&P Dividend ETF Stock Performance

SPDR S&P Dividend ETF stock opened at $142.67 on Wednesday. The firm has a market capitalization of $22.57 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week high of $144.06. The stock’s fifty day moving average is $138.87 and its two-hundred day moving average is $132.73.

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.