SPDR S&P Dividend ETF $SDY Stake Increased by Capstone Wealth Management Group LLC

Capstone Wealth Management Group LLC grew its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 76.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,556 shares of the company’s stock after buying an additional 8,051 shares during the quarter. SPDR S&P Dividend ETF makes up 1.1% of Capstone Wealth Management Group LLC’s portfolio, making the stock its 23rd largest position. Capstone Wealth Management Group LLC’s holdings in SPDR S&P Dividend ETF were worth $2,599,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SDY. Ritholtz Wealth Management grew its holdings in SPDR S&P Dividend ETF by 40.1% during the 3rd quarter. Ritholtz Wealth Management now owns 8,761 shares of the company’s stock worth $1,283,000 after acquiring an additional 2,509 shares during the last quarter. Joel Isaacson & Co. LLC increased its position in SPDR S&P Dividend ETF by 0.5% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,909,383 shares of the company’s stock valued at $426,166,000 after acquiring an additional 14,962 shares in the last quarter. Simplex Trading LLC acquired a new stake in SPDR S&P Dividend ETF in the 3rd quarter valued at about $42,000. AlphaCore Capital LLC raised its stake in shares of SPDR S&P Dividend ETF by 4.4% in the third quarter. AlphaCore Capital LLC now owns 384,741 shares of the company’s stock worth $56,357,000 after acquiring an additional 16,067 shares during the last quarter. Finally, Syntax Research Inc. raised its stake in shares of SPDR S&P Dividend ETF by 407.6% in the third quarter. Syntax Research Inc. now owns 2,538 shares of the company’s stock worth $372,000 after acquiring an additional 2,038 shares during the last quarter. 43.42% of the stock is owned by institutional investors.

SPDR S&P Dividend ETF Trading Up 0.3%

Shares of SDY stock opened at $164.16 on Thursday. SPDR S&P Dividend ETF has a 1 year low of $135.85 and a 1 year high of $166.61. The firm’s 50 day moving average is $154.29 and its 200-day moving average is $152.27. The firm has a market capitalization of $22.74 billion, a price-to-earnings ratio of 20.27 and a beta of 0.68.

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.