Kovack Advisors Inc. Raises Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Kovack Advisors Inc. grew its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,586 shares of the company’s stock after buying an additional 361 shares during the quarter. Kovack Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $1,002,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Avion Wealth raised its position in SPDR S&P Dividend ETF by 164.5% in the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after acquiring an additional 125 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter worth $31,000. JNBA Financial Advisors purchased a new position in shares of SPDR S&P Dividend ETF in the 3rd quarter valued at about $32,000. Kestra Investment Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at about $31,000. Finally, Assetmark Inc. boosted its holdings in SPDR S&P Dividend ETF by 192.0% during the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after buying an additional 167 shares in the last quarter.

SPDR S&P Dividend ETF Trading Down 0.2 %

Shares of SDY opened at $136.47 on Friday. SPDR S&P Dividend ETF has a twelve month low of $124.37 and a twelve month high of $144.45. The firm has a market capitalization of $20.42 billion, a P/E ratio of 21.48 and a beta of 0.88. The firm’s 50-day moving average is $133.60 and its two-hundred day moving average is $137.67.

SPDR S&P Dividend ETF Company 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.