Independence Bank of Kentucky Invests $224,000 in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Independence Bank of Kentucky purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDYFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,795 shares of the company’s stock, valued at approximately $224,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SDY. Barclays PLC acquired a new stake in shares of SPDR S&P Dividend ETF in the first quarter valued at approximately $25,000. Russell Investments Group Ltd. acquired a new stake in shares of SPDR S&P Dividend ETF in the second quarter valued at approximately $27,000. Live Oak Investment Partners acquired a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at approximately $34,000. West Tower Group LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the second quarter valued at approximately $38,000. Finally, Cardiff Park Advisors LLC boosted its stake in SPDR S&P Dividend ETF by 43.9% in the third quarter. Cardiff Park Advisors LLC now owns 328 shares of the company’s stock valued at $38,000 after acquiring an additional 100 shares during the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock opened at $129.52 on Thursday. SPDR S&P Dividend ETF has a 52-week low of $109.87 and a 52-week high of $131.67. The stock has a market cap of $23.05 billion, a PE ratio of 14.72 and a beta of 0.86. The firm’s 50 day moving average price is $126.18 and its two-hundred day moving average price is $121.33.

SPDR S&P Dividend ETF Profile

(Free Report)

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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