SPDR S&P Dividend ETF $SDY Position Decreased by MPS Loria Financial Planners LLC

MPS Loria Financial Planners LLC decreased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 8.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,334 shares of the company’s stock after selling 846 shares during the period. SPDR S&P Dividend ETF comprises approximately 0.4% of MPS Loria Financial Planners LLC’s portfolio, making the stock its 23rd biggest holding. MPS Loria Financial Planners LLC’s holdings in SPDR S&P Dividend ETF were worth $1,267,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mesirow Financial Investment Management Inc. boosted its holdings in shares of SPDR S&P Dividend ETF by 1.5% in the first quarter. Mesirow Financial Investment Management Inc. now owns 104,104 shares of the company’s stock worth $14,125,000 after buying an additional 1,491 shares during the period. Novem Group boosted its holdings in shares of SPDR S&P Dividend ETF by 0.3% in the second quarter. Novem Group now owns 29,191 shares of the company’s stock worth $3,962,000 after buying an additional 100 shares during the period. Almanack Investment Partners LLC. acquired a new position in shares of SPDR S&P Dividend ETF in the second quarter worth about $494,000. Gunma Bank Ltd. boosted its holdings in shares of SPDR S&P Dividend ETF by 27.3% in the first quarter. Gunma Bank Ltd. now owns 65,300 shares of the company’s stock worth $8,860,000 after buying an additional 14,000 shares during the period. Finally, Beacon Investment Advisory Services Inc. boosted its holdings in shares of SPDR S&P Dividend ETF by 16.2% in the second quarter. Beacon Investment Advisory Services Inc. now owns 2,863 shares of the company’s stock worth $389,000 after buying an additional 400 shares during the period. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Price Performance

Shares of SDY opened at $139.25 on Friday. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $144.45. The company has a 50-day moving average of $140.06 and a two-hundred day moving average of $136.23. The stock has a market cap of $20.07 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86.

SPDR S&P Dividend ETF Company 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.