Kingswood Wealth Advisors LLC Decreases Stake in SPDR S&P Dividend ETF $SDY

Kingswood Wealth Advisors LLC lowered its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 42.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 29,469 shares of the company’s stock after selling 21,633 shares during the period. Kingswood Wealth Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $4,000,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Oliver Lagore Vanvalin Investment Group bought a new position in shares of SPDR S&P Dividend ETF in the second quarter worth approximately $40,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in SPDR S&P Dividend ETF by 350.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 315 shares of the company’s stock valued at $43,000 after buying an additional 245 shares during the period. Crews Bank & Trust boosted its position in SPDR S&P Dividend ETF by 98.2% during the 1st quarter. Crews Bank & Trust now owns 327 shares of the company’s stock valued at $44,000 after buying an additional 162 shares during the period. Briaud Financial Planning Inc bought a new stake in SPDR S&P Dividend ETF in the 1st quarter worth $45,000. Finally, Wealth Preservation Advisors LLC purchased a new position in shares of SPDR S&P Dividend ETF in the first quarter valued at about $50,000. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Down 0.2%

Shares of NYSEARCA:SDY opened at $140.40 on Tuesday. The company has a 50-day moving average price of $139.86 and a 200-day moving average price of $135.98. The company has a market cap of $20.30 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a 12 month low of $119.83 and a 12 month high of $144.45.

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.