Magnus Financial Group LLC Cuts Position in SPDR S&P Dividend ETF $SDY

Magnus Financial Group LLC cut its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,803 shares of the company’s stock after selling 80 shares during the quarter. Magnus Financial Group LLC’s holdings in SPDR S&P Dividend ETF were worth $516,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SDY. Summit X LLC grew its stake in shares of SPDR S&P Dividend ETF by 4.2% in the 1st quarter. Summit X LLC now owns 1,932 shares of the company’s stock worth $262,000 after buying an additional 77 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in SPDR S&P Dividend ETF by 0.5% in the first quarter. OneDigital Investment Advisors LLC now owns 14,308 shares of the company’s stock worth $1,941,000 after acquiring an additional 78 shares in the last quarter. Wealth Advisory Solutions LLC grew its position in SPDR S&P Dividend ETF by 3.1% in the second quarter. Wealth Advisory Solutions LLC now owns 2,584 shares of the company’s stock worth $351,000 after acquiring an additional 78 shares in the last quarter. Focus Financial Network Inc. grew its position in SPDR S&P Dividend ETF by 0.5% in the second quarter. Focus Financial Network Inc. now owns 15,561 shares of the company’s stock worth $2,112,000 after acquiring an additional 81 shares in the last quarter. Finally, Jacobi Capital Management LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 2.1% in the 1st quarter. Jacobi Capital Management LLC now owns 4,195 shares of the company’s stock worth $569,000 after purchasing an additional 85 shares during the period. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Performance

Shares of SPDR S&P Dividend ETF stock opened at $138.03 on Friday. The stock has a market cap of $20.20 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86. The stock has a 50 day moving average price of $139.78 and a 200-day moving average price of $135.72. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year 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.