NBH Bank acquired a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,246 shares of the company’s stock, valued at approximately $1,255,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Park National Corp OH acquired a new position in shares of SPDR S&P Dividend ETF in the first quarter worth about $28,000. Markowski Investments purchased a new stake in SPDR S&P Dividend ETF during the 2nd quarter worth approximately $28,000. Continuum Advisory LLC acquired a new position in shares of SPDR S&P Dividend ETF in the 2nd quarter valued at approximately $29,000. Ankerstar Wealth LLC acquired a new position in shares of SPDR S&P Dividend ETF in the 4th quarter valued at approximately $33,000. Finally, MBM Wealth Consultants LLC purchased a new position in shares of SPDR S&P Dividend ETF during the 1st quarter valued at approximately $34,000. 43.42% of the stock is owned by hedge funds and other institutional investors.
SPDR S&P Dividend ETF Trading Down 0.6%
SDY stock opened at $155.89 on Friday. SPDR S&P Dividend ETF has a twelve month low of $135.30 and a twelve month high of $160.29. The company has a market capitalization of $23.60 billion, a P/E ratio of 19.85 and a beta of 0.69. The firm has a 50 day simple moving average of $156.07 and a 200-day simple moving average of $151.75.
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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.
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