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:SDY) 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

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.