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

JMG Financial Group Ltd. grew its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 186.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,176 shares of the company’s stock after buying an additional 4,022 shares during the quarter. JMG Financial Group Ltd.’s holdings in SPDR S&P Dividend ETF were worth $859,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Keel Point LLC increased its holdings in SPDR S&P Dividend ETF by 2.2% during the 3rd quarter. Keel Point LLC now owns 3,499 shares of the company’s stock valued at $490,000 after purchasing an additional 76 shares during the period. Trust Co. of Vermont grew its position in shares of SPDR S&P Dividend ETF by 0.7% in the 4th quarter. Trust Co. of Vermont now owns 10,830 shares of the company’s stock worth $1,507,000 after buying an additional 80 shares during the last quarter. Operose Advisors LLC grew its position in shares of SPDR S&P Dividend ETF by 8.1% in the 4th quarter. Operose Advisors LLC now owns 1,075 shares of the company’s stock worth $150,000 after buying an additional 81 shares during the last quarter. Charles Schwab Trust Co grew its position in shares of SPDR S&P Dividend ETF by 0.3% in the 4th quarter. Charles Schwab Trust Co now owns 29,980 shares of the company’s stock worth $4,172,000 after buying an additional 82 shares during the last quarter. Finally, SevenBridge Financial Group LLC grew its position in shares of SPDR S&P Dividend ETF by 1.9% in the 3rd quarter. SevenBridge Financial Group LLC now owns 5,053 shares of the company’s stock worth $702,000 after buying an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock opened at $149.26 on Monday. The stock has a fifty day moving average of $147.51 and a 200 day moving average of $146.23. SPDR S&P Dividend ETF has a 52 week low of $132.89 and a 52 week high of $156.39. The firm has a market capitalization of $21.84 billion, a price-to-earnings ratio of 19.85 and a beta of 0.71.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.