MONECO Advisors LLC Cuts Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

MONECO Advisors LLC decreased its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 61,769 shares of the company’s stock after selling 766 shares during the period. SPDR S&P Dividend ETF makes up about 0.9% of MONECO Advisors LLC’s investment portfolio, making the stock its 27th largest position. MONECO Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $8,160,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Forvis Mazars Wealth Advisors LLC raised its holdings in SPDR S&P Dividend ETF by 0.4% in the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 83,446 shares of the company’s stock valued at $11,023,000 after buying an additional 319 shares during the period. Winebrenner Capital Management LLC purchased a new position in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $1,274,000. Element Wealth LLC raised its holdings in SPDR S&P Dividend ETF by 16.5% in the fourth quarter. Element Wealth LLC now owns 2,221 shares of the company’s stock valued at $293,000 after buying an additional 314 shares during the period. LifeSteps Financial Inc. raised its holdings in SPDR S&P Dividend ETF by 1.9% in the fourth quarter. LifeSteps Financial Inc. now owns 29,121 shares of the company’s stock valued at $3,847,000 after buying an additional 536 shares during the period. Finally, Centricity Wealth Management LLC purchased a new position in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $129,000.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY opened at $136.54 on Friday. The firm has a market capitalization of $21.60 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The company’s 50 day moving average price is $133.42 and its 200 day moving average price is $137.59. SPDR S&P Dividend ETF has a one year low of $124.37 and a one year high of $144.45.

SPDR S&P Dividend ETF 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.