Kestra Advisory Services LLC Acquires 12,732 Shares of SPDR S&P Dividend ETF $SDY

Kestra Advisory Services LLC grew its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 280,711 shares of the company’s stock after buying an additional 12,732 shares during the period. Kestra Advisory Services LLC owned 0.20% of SPDR S&P Dividend ETF worth $41,119,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in SPDR S&P Dividend ETF by 0.5% in the first quarter. Bank of America Corp DE now owns 7,319,410 shares of the company’s stock valued at $1,068,195,000 after acquiring an additional 36,785 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in SPDR S&P Dividend ETF by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,111,642 shares of the company’s stock worth $169,170,000 after purchasing an additional 8,231 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in SPDR S&P Dividend ETF by 0.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 577,947 shares of the company’s stock worth $87,952,000 after purchasing an additional 5,348 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of SPDR S&P Dividend ETF by 0.4% in the 2nd quarter. HighTower Advisors LLC now owns 481,025 shares of the company’s stock worth $73,202,000 after purchasing an additional 1,899 shares during the period. Finally, J.Safra Asset Management Corp lifted its position in shares of SPDR S&P Dividend ETF by 2.6% in the 2nd quarter. J.Safra Asset Management Corp now owns 378,030 shares of the company’s stock worth $57,529,000 after purchasing an additional 9,529 shares during the period. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Down 1.1%

Shares of SDY traded down $1.80 during trading hours on Friday, reaching $160.87. 351,740 shares of the company traded hands, compared to its average volume of 236,990. The company’s fifty day moving average price is $153.85 and its two-hundred day moving average price is $152.02. The company has a market capitalization of $22.26 billion, a price-to-earnings ratio of 19.85 and a beta of 0.67. SPDR S&P Dividend ETF has a 12 month low of $135.85 and a 12 month high of $166.61.

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.