Moneta Group Investment Advisors LLC Cuts Holdings in SPDR S&P Dividend ETF $SDY

Moneta Group Investment Advisors LLC lowered its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 272,977 shares of the company’s stock after selling 5,948 shares during the period. Moneta Group Investment Advisors LLC owned about 0.19% of SPDR S&P Dividend ETF worth $38,230,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Lido Advisors LLC raised its holdings in SPDR S&P Dividend ETF by 8.1% in the 3rd quarter. Lido Advisors LLC now owns 41,404 shares of the company’s stock worth $5,799,000 after purchasing an additional 3,115 shares during the period. JPL Wealth Management LLC purchased a new position in SPDR S&P Dividend ETF during the third quarter worth approximately $70,000. Kitching Partners LLC grew its holdings in SPDR S&P Dividend ETF by 2.5% in the third quarter. Kitching Partners LLC now owns 76,127 shares of the company’s stock valued at $10,662,000 after purchasing an additional 1,858 shares during the period. Delos Wealth Advisors LLC acquired a new stake in SPDR S&P Dividend ETF in the third quarter valued at approximately $29,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the third quarter valued at approximately $3,941,000. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock opened at $149.14 on Tuesday. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $156.39. The company has a market cap of $21.15 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. The stock has a 50 day simple moving average of $150.20 and a 200-day simple moving average of $143.19.

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.