JMG Financial Group Ltd. Raises Stake in SPDR S&P Dividend ETF $SDY

JMG Financial Group Ltd. boosted its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 186.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,176 shares of the company’s stock after buying an additional 4,022 shares during the quarter. JMG Financial Group Ltd.’s holdings in SPDR S&P Dividend ETF were worth $859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of SDY. Brighton Jones LLC boosted its stake in SPDR S&P Dividend ETF by 404.5% in the fourth quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock worth $2,443,000 after buying an additional 14,829 shares in the last quarter. AQR Capital Management LLC boosted its stake in SPDR S&P Dividend ETF by 49.5% in the first quarter. AQR Capital Management LLC now owns 7,936 shares of the company’s stock worth $1,077,000 after buying an additional 2,627 shares in the last quarter. First Trust Advisors LP boosted its stake in SPDR S&P Dividend ETF by 30.4% in the second quarter. First Trust Advisors LP now owns 32,141 shares of the company’s stock worth $4,362,000 after buying an additional 7,493 shares in the last quarter. NewEdge Advisors LLC boosted its stake in SPDR S&P Dividend ETF by 3.5% in the second quarter. NewEdge Advisors LLC now owns 65,223 shares of the company’s stock worth $8,853,000 after buying an additional 2,192 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in SPDR S&P Dividend ETF by 4.0% in the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after buying an additional 119,562 shares in the last quarter. 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 $149.26 on Monday. The firm has a market cap of $21.84 billion, a P/E ratio of 19.85 and a beta of 0.71. The stock has a 50 day simple moving average of $147.51 and a two-hundred day simple moving average of $146.23. SPDR S&P Dividend ETF has a 1 year low of $132.89 and a 1 year high of $156.39.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.