MONECO Advisors LLC Reduces Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

MONECO Advisors LLC lowered its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.2% during the fourth quarter, HoldingsChannel reports. The firm owned 61,769 shares of the company’s stock after selling 766 shares during the period. SPDR S&P Dividend ETF accounts for approximately 0.9% of MONECO Advisors LLC’s holdings, making the stock its 27th largest holding. MONECO Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $8,160,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SDY. International Assets Investment Management LLC increased its stake in shares of SPDR S&P Dividend ETF by 13,497.7% in the third quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock worth $166,797,000 after buying an additional 1,165,660 shares during the last quarter. Strategic Investment Solutions Inc. IL increased its stake in shares of SPDR S&P Dividend ETF by 113.8% in the third quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock worth $37,000 after buying an additional 140 shares during the last quarter. Joel Isaacson & Co. LLC increased its stake in shares of SPDR S&P Dividend ETF by 1.2% in the third quarter. Joel Isaacson & Co. LLC now owns 2,461,997 shares of the company’s stock worth $349,702,000 after buying an additional 30,381 shares during the last quarter. Mayfair Advisory Group LLC bought a new stake in shares of SPDR S&P Dividend ETF in the third quarter worth $207,000. Finally, Parcion Private Wealth LLC increased its stake in shares of SPDR S&P Dividend ETF by 115.0% in the third quarter. Parcion Private Wealth LLC now owns 6,782 shares of the company’s stock worth $963,000 after buying an additional 3,627 shares during the last quarter.

SPDR S&P Dividend ETF Trading Down 0.1 %

Shares of NYSEARCA:SDY opened at $136.54 on Friday. The company has a fifty day simple moving average of $133.42 and a 200 day simple moving average of $137.59. The firm has a market cap of $21.60 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 12-month low of $124.37 and a 12-month high of $144.45.

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.