SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC grew its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 20,438 shares of the company’s stock after buying an additional 944 shares during the period. Kingswood Wealth Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $2,682,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Frazier Financial Advisors LLC purchased a new position in shares of SPDR S&P Dividend ETF in the 4th quarter valued at approximately $27,000. Friedenthal Financial acquired a new position in SPDR S&P Dividend ETF in the 4th quarter valued at $29,000. Scarborough Advisors LLC purchased a new position in SPDR S&P Dividend ETF during the 4th quarter worth $30,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter worth $36,000. Finally, Bare Financial Services Inc purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at about $43,000.

SPDR S&P Dividend ETF Stock Down 0.4 %

NYSEARCA SDY traded down $0.52 during trading hours on Wednesday, hitting $127.26. 266,465 shares of the stock were exchanged, compared to its average volume of 336,155. The company has a market cap of $20.13 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 12-month low of $109.87 and a 12-month high of $132.49. The stock has a 50-day moving average of $129.08 and a 200 day moving average of $126.83.

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.