U.S. Capital Wealth Advisors LLC Cuts Stock Position in SPDR S&P Dividend ETF $SDY

U.S. Capital Wealth Advisors LLC decreased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 14.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,644 shares of the company’s stock after selling 1,320 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $1,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. increased its stake in shares of SPDR S&P Dividend ETF by 1.5% during the first quarter. Mesirow Financial Investment Management Inc. now owns 104,104 shares of the company’s stock worth $14,125,000 after purchasing an additional 1,491 shares in the last quarter. Gunma Bank Ltd. increased its stake in SPDR S&P Dividend ETF by 27.3% during the 1st quarter. Gunma Bank Ltd. now owns 65,300 shares of the company’s stock worth $8,860,000 after buying an additional 14,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in SPDR S&P Dividend ETF by 0.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 370,787 shares of the company’s stock worth $50,308,000 after buying an additional 1,962 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of SPDR S&P Dividend ETF by 29.0% during the first quarter. Jones Financial Companies Lllp now owns 331,634 shares of the company’s stock valued at $44,587,000 after acquiring an additional 74,616 shares during the last quarter. Finally, Cornerstone Advisory LLC lifted its position in shares of SPDR S&P Dividend ETF by 0.5% in the first quarter. Cornerstone Advisory LLC now owns 46,275 shares of the company’s stock valued at $6,058,000 after acquiring an additional 251 shares in the last quarter. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY opened at $138.85 on Thursday. The business has a fifty day moving average price of $139.80 and a 200 day moving average price of $135.72. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $144.45. The company has a market cap of $20.32 billion, a P/E ratio of 19.85 and a beta of 0.86.

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.