Kingsview Wealth Management LLC Has $870,000 Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Kingsview Wealth Management LLC lessened its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,588 shares of the company’s stock after selling 274 shares during the quarter. Kingsview Wealth Management LLC’s holdings in SPDR S&P Dividend ETF were worth $870,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SDY. Capital Performance Advisors LLP acquired a new position in shares of SPDR S&P Dividend ETF in the third quarter worth $31,000. JNBA Financial Advisors acquired a new position in SPDR S&P Dividend ETF in the 3rd quarter worth about $32,000. Assetmark Inc. raised its stake in shares of SPDR S&P Dividend ETF by 192.0% during the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after purchasing an additional 167 shares in the last quarter. Strategic Investment Solutions Inc. IL raised its stake in shares of SPDR S&P Dividend ETF by 113.8% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock worth $37,000 after purchasing an additional 140 shares in the last quarter. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter valued at about $38,000.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY opened at $134.44 on Wednesday. The company has a market capitalization of $21.27 billion, a P/E ratio of 19.72 and a beta of 0.68. The stock’s 50 day moving average price is $134.32 and its 200 day moving average price is $137.54. SPDR S&P Dividend ETF has a 52 week low of $121.52 and a 52 week high of $144.45.

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.