SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Purchased by Kovack Advisors Inc.

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

Several other institutional investors also recently added to or reduced their stakes in SDY. Avion Wealth boosted its stake in shares of SPDR S&P Dividend ETF by 164.5% during the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after buying an additional 125 shares during the period. Capital Performance Advisors LLP purchased a new stake in SPDR S&P Dividend ETF during the 3rd quarter valued at approximately $31,000. Kestra Investment Management LLC acquired a new stake in SPDR S&P Dividend ETF during the 4th quarter worth approximately $31,000. JNBA Financial Advisors purchased a new position in shares of SPDR S&P Dividend ETF in the 3rd quarter valued at approximately $32,000. Finally, Assetmark Inc. increased its holdings in shares of SPDR S&P Dividend ETF by 192.0% in the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after purchasing an additional 167 shares during the period.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA SDY opened at $136.47 on Friday. The stock has a fifty day moving average price of $133.60 and a 200 day moving average price of $137.67. SPDR S&P Dividend ETF has a 1-year low of $124.37 and a 1-year high of $144.45. The company has a market cap of $20.42 billion, a PE ratio of 21.48 and a beta of 0.88.

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.