Capital Investment Advisors LLC Cuts Position in SPDR S&P Dividend ETF $SDY

Capital Investment Advisors LLC trimmed its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 502,568 shares of the company’s stock after selling 7,752 shares during the quarter. SPDR S&P Dividend ETF accounts for about 1.1% of Capital Investment Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Capital Investment Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $69,937,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Benjamin Edwards Inc. raised its stake in shares of SPDR S&P Dividend ETF by 851.4% in the 2nd quarter. Benjamin Edwards Inc. now owns 187,705 shares of the company’s stock valued at $25,477,000 after acquiring an additional 167,975 shares during the period. UBS Group AG increased its holdings in SPDR S&P Dividend ETF by 10.5% in the 3rd 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. Orion Porfolio Solutions LLC raised its position in SPDR S&P Dividend ETF by 70.0% in the second quarter. Orion Porfolio Solutions LLC now owns 349,460 shares of the company’s stock valued at $47,432,000 after purchasing an additional 143,853 shares during the period. Coldstream Capital Management Inc. raised its stake in shares of SPDR S&P Dividend ETF by 126.6% during the third quarter. Coldstream Capital Management Inc. now owns 223,525 shares of the company’s stock valued at $31,305,000 after purchasing an additional 124,864 shares during the period. Finally, Raymond James Financial Inc. lifted its position in shares of 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 purchasing an additional 119,562 shares in the last quarter. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Trading Down 0.6%

Shares of SDY stock opened at $144.41 on Friday. The company has a market capitalization of $20.48 billion, a PE ratio of 19.85 and a beta of 0.79. The firm has a fifty day simple moving average of $150.45 and a 200-day simple moving average of $143.45. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month high of $156.39.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.