FundX Investment Group LLC Sells 113,683 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

FundX Investment Group LLC lowered its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 95.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,372 shares of the company’s stock after selling 113,683 shares during the quarter. FundX Investment Group LLC’s holdings in SPDR S&P Dividend ETF were worth $542,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Wealthcare Advisory Partners LLC boosted its position in SPDR S&P Dividend ETF by 25.7% in the second quarter. Wealthcare Advisory Partners LLC now owns 6,814 shares of the company’s stock worth $687,000 after purchasing an additional 1,393 shares during the last quarter. Armor Investment Advisors LLC boosted its position in SPDR S&P Dividend ETF by 260.0% in the first quarter. Armor Investment Advisors LLC now owns 630 shares of the company’s stock worth $63,000 after purchasing an additional 455 shares during the last quarter. Tufton Capital Management boosted its position in SPDR S&P Dividend ETF by 9.4% in the first quarter. Tufton Capital Management now owns 17,060 shares of the company’s stock worth $1,695,000 after purchasing an additional 1,470 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in SPDR S&P Dividend ETF by 6.9% in the first quarter. Envestnet Asset Management Inc. now owns 1,601,529 shares of the company’s stock worth $159,208,000 after purchasing an additional 103,638 shares during the last quarter. Finally, Heritage Wealth Advisors purchased a new position in shares of SPDR S&P Dividend ETF during the 1st quarter valued at $149,000.

Shares of NYSEARCA SDY traded down $0.44 during trading on Tuesday, reaching $98.84. 144,178 shares of the stock traded hands, compared to its average volume of 632,391. SPDR S&P Dividend ETF has a 52-week low of $84.28 and a 52-week high of $102.96. The company has a 50-day moving average of $100.76 and a 200-day moving average of $99.60.



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.

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Institutional Ownership by Quarter for SPDR S&P Dividend ETF (NYSEARCA:SDY)

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