AlphaStar Capital Management LLC Reduces Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

AlphaStar Capital Management LLC decreased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,140 shares of the company’s stock after selling 294 shares during the quarter. AlphaStar Capital Management LLC’s holdings in SPDR S&P Dividend ETF were worth $679,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wedmont Private Capital lifted its position in shares of SPDR S&P Dividend ETF by 4.0% during the 3rd quarter. Wedmont Private Capital now owns 4,178 shares of the company’s stock worth $584,000 after buying an additional 160 shares during the last quarter. Clarius Group LLC purchased a new stake in SPDR S&P Dividend ETF in the third quarter valued at $356,000. Concourse Financial Group Securities Inc. lifted its position in SPDR S&P Dividend ETF by 1.1% in the third quarter. Concourse Financial Group Securities Inc. now owns 42,422 shares of the company’s stock valued at $6,026,000 after acquiring an additional 448 shares during the last quarter. McCarthy & Cox acquired a new position in SPDR S&P Dividend ETF in the third quarter valued at $359,000. Finally, Oxler Private Wealth LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the third quarter worth about $206,000.

SPDR S&P Dividend ETF Stock Down 0.5 %

Shares of NYSEARCA SDY opened at $132.90 on Friday. The business has a 50-day moving average price of $134.52 and a 200 day moving average price of $137.45. The stock has a market cap of $21.02 billion, a PE ratio of 19.72 and a beta of 0.68. 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 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.