Union Savings Bank Purchases Shares of 12,364 SPDR S&P Dividend ETF $SDY

Union Savings Bank purchased a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 12,364 shares of the company’s stock, valued at approximately $1,721,000. SPDR S&P Dividend ETF makes up approximately 0.7% of Union Savings Bank’s investment portfolio, making the stock its 23rd biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in SDY. Delos Wealth Advisors LLC bought a new stake in shares of SPDR S&P Dividend ETF in the third quarter worth about $29,000. Ankerstar Wealth LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth about $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $34,000. Syntax Research Inc. bought a new position in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $35,000. Finally, Core Wealth Advisors LLC bought a new position in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $35,000. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

NYSEARCA SDY opened at $150.50 on Friday. SPDR S&P Dividend ETF has a 1-year low of $132.89 and a 1-year high of $156.39. The business has a 50 day simple moving average of $148.96 and a two-hundred day simple moving average of $147.43. The stock has a market capitalization of $22.03 billion, a PE ratio of 19.85 and a beta of 0.69.

SPDR S&P Dividend ETF Company 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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.