Firestone Capital Management Purchases 211 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Firestone Capital Management increased its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,765 shares of the company’s stock after purchasing an additional 211 shares during the quarter. SPDR S&P Dividend ETF makes up 1.2% of Firestone Capital Management’s portfolio, making the stock its 20th biggest position. Firestone Capital Management’s holdings in SPDR S&P Dividend ETF were worth $4,549,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SDY. Fifth Third Securities Inc. raised its stake in shares of SPDR S&P Dividend ETF by 7.9% during the second quarter. Fifth Third Securities Inc. now owns 12,567 shares of the company’s stock worth $1,598,000 after buying an additional 922 shares during the last quarter. UBS Group AG lifted its stake in shares of SPDR S&P Dividend ETF by 3.5% in the 4th quarter. UBS Group AG now owns 1,993,538 shares of the company’s stock valued at $249,132,000 after purchasing an additional 67,304 shares during the period. LRI Investments LLC acquired a new position in shares of SPDR S&P Dividend ETF in the 1st quarter valued at $492,000. TD Capital Management LLC boosted its position in shares of SPDR S&P Dividend ETF by 50.6% in the 4th quarter. TD Capital Management LLC now owns 780 shares of the company’s stock worth $97,000 after purchasing an additional 262 shares during the last quarter. Finally, GM Advisory Group LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth $255,000.

SPDR S&P Dividend ETF Trading Up 0.7 %

NYSEARCA SDY opened at $141.24 on Tuesday. SPDR S&P Dividend ETF has a 12 month low of $109.87 and a 12 month high of $141.52. The stock has a 50-day simple moving average of $135.07 and a 200 day simple moving average of $130.87. The company has a market capitalization of $22.34 billion, a PE ratio of 19.72 and a beta of 0.68.

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.