Summit X LLC Has $245,000 Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Summit X LLC lifted its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 10.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,855 shares of the company’s stock after acquiring an additional 183 shares during the quarter. Summit X LLC’s holdings in SPDR S&P Dividend ETF were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SDY. Assetmark Inc. increased its stake in shares of SPDR S&P Dividend ETF by 192.0% in the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after acquiring an additional 167 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of SPDR S&P Dividend ETF in the third quarter worth $67,000. Aptus Capital Advisors LLC increased its stake in shares of SPDR S&P Dividend ETF by 21.0% in the third quarter. Aptus Capital Advisors LLC now owns 3,312 shares of the company’s stock worth $470,000 after acquiring an additional 574 shares during the last quarter. Pinnacle Financial Partners Inc increased its stake in shares of SPDR S&P Dividend ETF by 1.0% in the third quarter. Pinnacle Financial Partners Inc now owns 10,889 shares of the company’s stock worth $1,547,000 after acquiring an additional 112 shares during the last quarter. Finally, Kovack Advisors Inc. increased its stake in shares of SPDR S&P Dividend ETF by 2.9% in the third quarter. Kovack Advisors Inc. now owns 7,225 shares of the company’s stock worth $1,026,000 after acquiring an additional 203 shares during the last quarter.

SPDR S&P Dividend ETF Trading Down 1.3 %

Shares of NYSEARCA:SDY opened at $133.58 on Thursday. The stock has a market capitalization of $19.98 billion, a PE ratio of 21.48 and a beta of 0.88. SPDR S&P Dividend ETF has a 1 year low of $124.37 and a 1 year high of $144.45. The firm has a fifty day moving average price of $134.33 and a 200 day moving average price of $137.76.

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.