Kanawha Capital Management LLC Sells 100 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Kanawha Capital Management LLC cut its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,618 shares of the company’s stock after selling 100 shares during the quarter. Kanawha Capital Management LLC’s holdings in SPDR S&P Dividend ETF were worth $346,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SDY. Avion Wealth increased its holdings 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 valued at $26,000 after acquiring an additional 125 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of SPDR S&P Dividend ETF during the third quarter valued at about $31,000. JNBA Financial Advisors acquired a new position in shares of SPDR S&P Dividend ETF during the third quarter valued at about $32,000. Assetmark Inc. increased its holdings in shares of SPDR S&P Dividend ETF by 192.0% during the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after acquiring an additional 167 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL increased its holdings in shares of SPDR S&P Dividend ETF by 113.8% during the third quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after acquiring an additional 140 shares in the last quarter.

SPDR S&P Dividend ETF Stock Down 0.5 %

Shares of NYSEARCA SDY opened at $134.26 on Friday. The business’s 50 day moving average price is $133.89 and its 200 day moving average price is $137.49. The firm has a market cap of $21.24 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 52 week low of $123.32 and a 52 week high of $144.45.

SPDR S&P Dividend ETF 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.