Kanawha Capital Management LLC Decreases Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Kanawha Capital Management LLC lowered its stake in SPDR S&P Dividend ETF (NYSEARCA:SDYFree Report) by 6.9% during the third quarter, Holdings Channel.com reports. The firm owned 2,718 shares of the company’s stock after selling 200 shares during the quarter. Kanawha Capital Management LLC’s holdings in SPDR S&P Dividend ETF were worth $386,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Coston McIsaac & Partners increased its holdings in SPDR S&P Dividend ETF by 0.5% in the third quarter. Coston McIsaac & Partners now owns 14,489 shares of the company’s stock valued at $2,058,000 after buying an additional 72 shares during the last quarter. Marshall Financial Group LLC grew its position in SPDR S&P Dividend ETF by 3.7% in the 3rd quarter. Marshall Financial Group LLC now owns 2,044 shares of the company’s stock valued at $290,000 after buying an additional 73 shares during the last quarter. WealthBridge Capital Management LLC increased its stake in shares of SPDR S&P Dividend ETF by 1.8% during the third quarter. WealthBridge Capital Management LLC now owns 4,190 shares of the company’s stock worth $595,000 after acquiring an additional 75 shares during the period. M3 Advisory Group LLC raised its stake in shares of SPDR S&P Dividend ETF by 2.1% during the 3rd quarter. M3 Advisory Group LLC now owns 3,653 shares of the company’s stock worth $519,000 after buying an additional 76 shares in the last quarter. Finally, Great Valley Advisor Group Inc. raised its position in SPDR S&P Dividend ETF by 0.8% in the second quarter. Great Valley Advisor Group Inc. now owns 9,465 shares of the company’s stock worth $1,204,000 after acquiring an additional 77 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock opened at $138.13 on Tuesday. The stock has a market cap of $21.85 billion, a PE ratio of 19.72 and a beta of 0.68. The stock has a fifty day moving average price of $140.38 and a 200 day moving average price of $134.00. SPDR S&P Dividend ETF has a 1 year low of $113.20 and a 1 year high of $144.06.

About SPDR S&P Dividend ETF

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding SDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Dividend ETF (NYSEARCA:SDYFree Report).

Institutional Ownership by Quarter for SPDR S&P Dividend ETF (NYSEARCA:SDY)

Receive News & Ratings for SPDR S&P Dividend ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Dividend ETF and related companies with MarketBeat.com's FREE daily email newsletter.