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

Kanawha Capital Management LLC lowered its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,618 shares of the company’s stock after selling 100 shares during the period. Kanawha Capital Management LLC’s holdings in SPDR S&P Dividend ETF were worth $346,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of SDY. Avion Wealth boosted its position in SPDR S&P Dividend ETF by 164.5% in the 4th quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after purchasing an additional 125 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in SPDR S&P Dividend ETF in the 3rd quarter worth approximately $31,000. JNBA Financial Advisors purchased a new stake in SPDR S&P Dividend ETF in the 3rd quarter worth approximately $32,000. Assetmark Inc. lifted its position in shares of SPDR S&P Dividend ETF by 192.0% during the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after buying an additional 167 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL lifted its position in shares of SPDR S&P Dividend ETF by 113.8% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after buying an additional 140 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA:SDY opened at $134.26 on Friday. SPDR S&P Dividend ETF has a 1 year low of $123.32 and a 1 year high of $144.45. The firm has a market capitalization of $21.24 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The business’s 50 day moving average price is $133.89 and its 200-day moving average price is $137.49.

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.