Magnus Financial Group LLC Decreases Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Magnus Financial Group LLC reduced its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,661 shares of the company’s stock after selling 112 shares during the period. Magnus Financial Group LLC’s holdings in SPDR S&P Dividend ETF were worth $458,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SDY. J.W. Cole Advisors Inc. increased its holdings in SPDR S&P Dividend ETF by 85.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 55,260 shares of the company’s stock worth $6,906,000 after buying an additional 25,430 shares during the period. Key Financial Inc increased its holdings in SPDR S&P Dividend ETF by 4.5% in the 4th quarter. Key Financial Inc now owns 4,209 shares of the company’s stock worth $526,000 after buying an additional 180 shares during the period. KCM Investment Advisors LLC increased its holdings in SPDR S&P Dividend ETF by 7.9% in the 3rd quarter. KCM Investment Advisors LLC now owns 105,752 shares of the company’s stock worth $12,163,000 after buying an additional 7,769 shares during the period. Interchange Capital Partners LLC increased its holdings in SPDR S&P Dividend ETF by 5.6% in the 4th quarter. Interchange Capital Partners LLC now owns 5,624 shares of the company’s stock worth $703,000 after buying an additional 298 shares during the period. Finally, Roble Belko & Company Inc increased its holdings in SPDR S&P Dividend ETF by 2.5% in the 4th quarter. Roble Belko & Company Inc now owns 139,393 shares of the company’s stock worth $17,420,000 after buying an additional 3,426 shares during the period.

SPDR S&P Dividend ETF Trading Down 0.3 %

Shares of NYSEARCA:SDY opened at $127.49 on Monday. SPDR S&P Dividend ETF has a twelve month low of $109.87 and a twelve month high of $131.67. The company’s 50 day moving average is $127.56 and its 200 day moving average is $122.83. The company has a market cap of $20.28 billion, a PE ratio of 19.41 and a beta of 0.73.

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.