JMG Financial Group Ltd. Cuts Position in SPDR S&P Dividend ETF $SDY

JMG Financial Group Ltd. decreased its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 65.1% in the first quarter, HoldingsChannel.com reports. The firm owned 2,154 shares of the company’s stock after selling 4,022 shares during the quarter. JMG Financial Group Ltd.’s holdings in SPDR S&P Dividend ETF were worth $314,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. UBS Group AG grew its holdings in SPDR S&P Dividend ETF by 10.5% in the third quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock valued at $242,663,000 after purchasing an additional 165,053 shares during the period. Orion Porfolio Solutions LLC raised its stake in shares of SPDR S&P Dividend ETF by 70.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 349,460 shares of the company’s stock worth $47,432,000 after buying an additional 143,853 shares during the period. Joel Isaacson & Co. LLC raised its stake in shares of SPDR S&P Dividend ETF by 4.6% during the 4th quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock worth $388,038,000 after buying an additional 121,368 shares during the period. Raymond James Financial Inc. lifted its position in shares of SPDR S&P Dividend ETF by 4.0% during the 2nd quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after buying an additional 119,562 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of SPDR S&P Dividend ETF by 1,558.7% during the 1st quarter. Fifth Third Bancorp now owns 115,078 shares of the company’s stock valued at $16,794,000 after buying an additional 108,140 shares in the last quarter. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

SPDR S&P Dividend ETF stock opened at $153.98 on Tuesday. The company’s fifty day moving average price is $151.14 and its 200 day moving average price is $149.41. SPDR S&P Dividend ETF has a 1 year low of $135.30 and a 1 year high of $157.66. The stock has a market capitalization of $21.62 billion, a P/E ratio of 19.85 and a beta of 0.69.

SPDR S&P Dividend ETF Company 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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.