Hilltop National Bank Takes Position in SPDR S&P Dividend ETF $SDY

Hilltop National Bank bought a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 842 shares of the company’s stock, valued at approximately $114,000.

Several other hedge funds also recently added to or reduced their stakes in SDY. Rebalance LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 0.7% in the 2nd quarter. Rebalance LLC now owns 11,098 shares of the company’s stock valued at $1,506,000 after buying an additional 76 shares in the last quarter. Summit X LLC boosted its stake in SPDR S&P Dividend ETF by 4.2% in the first quarter. Summit X LLC now owns 1,932 shares of the company’s stock valued at $262,000 after acquiring an additional 77 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of SPDR S&P Dividend ETF by 0.5% during the first quarter. OneDigital Investment Advisors LLC now owns 14,308 shares of the company’s stock worth $1,941,000 after purchasing an additional 78 shares during the last quarter. Wealth Advisory Solutions LLC increased its position in shares of SPDR S&P Dividend ETF by 3.1% during the second quarter. Wealth Advisory Solutions LLC now owns 2,584 shares of the company’s stock worth $351,000 after purchasing an additional 78 shares in the last quarter. Finally, Focus Financial Network Inc. lifted its holdings in shares of SPDR S&P Dividend ETF by 0.5% in the 2nd quarter. Focus Financial Network Inc. now owns 15,561 shares of the company’s stock valued at $2,112,000 after purchasing an additional 81 shares during the last quarter. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Up 0.5%

NYSEARCA:SDY opened at $140.64 on Friday. SPDR S&P Dividend ETF has a 52-week low of $119.83 and a 52-week high of $144.45. The company has a market capitalization of $20.34 billion, a PE ratio of 19.85 and a beta of 0.86. The stock’s 50 day moving average price is $139.83 and its 200 day moving average price is $135.93.

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.