Capital Asset Advisory Services LLC Sells 1,571 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Capital Asset Advisory Services LLC decreased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 20.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,984 shares of the company’s stock after selling 1,571 shares during the period. Capital Asset Advisory Services LLC’s holdings in SPDR S&P Dividend ETF were worth $772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Frazier Financial Advisors LLC bought a new position in SPDR S&P Dividend ETF in the 4th quarter worth $27,000. Friedenthal Financial bought a new position in SPDR S&P Dividend ETF in the 4th quarter worth $29,000. Scarborough Advisors LLC bought a new position in SPDR S&P Dividend ETF in the 4th quarter worth $30,000. Tennessee Valley Asset Management Partners bought a new position in SPDR S&P Dividend ETF in the 4th quarter worth $36,000. Finally, Bare Financial Services Inc purchased a new stake in SPDR S&P Dividend ETF in the 4th quarter worth $43,000.

SPDR S&P Dividend ETF Stock Down 0.1 %

Shares of SDY stock opened at $127.18 on Friday. The stock has a market cap of $20.12 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 $109.87 and a 52 week high of $132.49. The company’s fifty day simple moving average is $129.17 and its two-hundred day simple moving average is $126.88.

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.