Capstone Wealth Management Group LLC Sells 7,495 Shares of SPDR S&P Dividend ETF $SDY

Capstone Wealth Management Group LLC reduced its stake 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 13F filing with the Securities and Exchange Commission. The firm owned 10,472 shares of the company’s stock after selling 7,495 shares during the quarter. Capstone Wealth Management Group LLC’s holdings in SPDR S&P Dividend ETF were worth $1,528,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Godsey & Gibb Inc. lifted its position in shares of SPDR S&P Dividend ETF by 4.0% in the 1st quarter. Godsey & Gibb Inc. now owns 1,838 shares of the company’s stock worth $268,000 after purchasing an additional 70 shares during the period. Ritholtz Wealth Management increased its position in shares of SPDR S&P Dividend ETF by 1.3% during the first quarter. Ritholtz Wealth Management now owns 5,534 shares of the company’s stock valued at $808,000 after buying an additional 71 shares during the period. Golden State Wealth Management LLC raised its stake in SPDR S&P Dividend ETF by 0.8% in the fourth quarter. Golden State Wealth Management LLC now owns 8,619 shares of the company’s stock worth $1,199,000 after buying an additional 71 shares in the last quarter. Keel Point LLC raised its stake in SPDR S&P Dividend ETF by 2.2% in the third quarter. Keel Point LLC now owns 3,499 shares of the company’s stock worth $490,000 after buying an additional 76 shares in the last quarter. Finally, Trust Co. of Vermont lifted its holdings in SPDR S&P Dividend ETF by 0.7% in the fourth quarter. Trust Co. of Vermont now owns 10,830 shares of the company’s stock worth $1,507,000 after buying an additional 80 shares during the period. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Stock Performance

SPDR S&P Dividend ETF stock opened at $155.62 on Wednesday. The stock’s 50 day simple moving average is $150.15 and its two-hundred day simple moving average is $148.55. The stock has a market cap of $21.87 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a fifty-two week low of $135.30 and a fifty-two week high of $156.82.

SPDR S&P Dividend ETF 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.