Moneta Group Investment Advisors LLC Decreases Position in SPDR S&P Dividend ETF $SDY

Moneta Group Investment Advisors LLC reduced its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 272,977 shares of the company’s stock after selling 5,948 shares during the period. Moneta Group Investment Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $38,230,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. increased its position in shares of SPDR S&P Dividend ETF by 4.0% during the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after purchasing an additional 119,562 shares in the last quarter. Joel Isaacson & Co. LLC raised its holdings in SPDR S&P Dividend ETF by 0.8% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,667,060 shares of the company’s stock valued at $373,522,000 after buying an additional 22,123 shares during the period. UBS Group AG lifted its position 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 buying an additional 165,053 shares during the last quarter. JPMorgan Chase & Co. lifted its position in SPDR S&P Dividend ETF by 125.3% in the second quarter. JPMorgan Chase & Co. now owns 1,451,468 shares of the company’s stock valued at $197,008,000 after buying an additional 7,179,596 shares during the last quarter. Finally, MAI Capital Management boosted its stake in SPDR S&P Dividend ETF by 0.7% during the third quarter. MAI Capital Management now owns 772,382 shares of the company’s stock worth $108,172,000 after buying an additional 5,300 shares during the period. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

Shares of SDY opened at $149.14 on Tuesday. The firm has a 50-day simple moving average of $150.20 and a two-hundred day simple moving average of $143.19. The stock has a market cap of $21.15 billion, a PE ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $156.39.

About SPDR S&P Dividend ETF

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.