JMG Financial Group Ltd. Lowers Holdings in SPDR S&P Dividend ETF $SDY

JMG Financial Group Ltd. trimmed its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 65.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,154 shares of the company’s stock after selling 4,022 shares during the period. JMG Financial Group Ltd.’s holdings in SPDR S&P Dividend ETF were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Park National Corp OH purchased a new position in SPDR S&P Dividend ETF during the first quarter valued at approximately $28,000. Ankerstar Wealth LLC purchased a new stake in SPDR S&P Dividend ETF in the 4th quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in SPDR S&P Dividend ETF in the 4th quarter worth approximately $34,000. MBM Wealth Consultants LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the 1st quarter worth approximately $34,000. Finally, Syntax Research Inc. purchased a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at approximately $35,000. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Price Performance

SDY opened at $153.98 on Tuesday. The firm has a fifty day moving average price of $151.14 and a 200 day moving average price of $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 cap of $21.62 billion, a P/E ratio of 19.85 and a beta of 0.69.

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.