Independence Bank of Kentucky Grows Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Independence Bank of Kentucky increased its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1,278.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,744 shares of the company’s stock after buying an additional 22,949 shares during the quarter. Independence Bank of Kentucky’s holdings in SPDR S&P Dividend ETF were worth $3,269,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Ritholtz Wealth Management grew its stake in shares of SPDR S&P Dividend ETF by 9.7% during the 4th quarter. Ritholtz Wealth Management now owns 5,718 shares of the company’s stock valued at $755,000 after acquiring an additional 505 shares during the period. Key Client Fiduciary Advisors LLC lifted its holdings in SPDR S&P Dividend ETF by 3.7% during the third quarter. Key Client Fiduciary Advisors LLC now owns 2,720 shares of the company’s stock valued at $386,000 after purchasing an additional 98 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of SPDR S&P Dividend ETF by 2.2% in the third quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock worth $8,189,000 after purchasing an additional 1,222 shares during the period. CX Institutional increased its stake in shares of SPDR S&P Dividend ETF by 4.0% in the third quarter. CX Institutional now owns 66,854 shares of the company’s stock worth $9,496,000 after purchasing an additional 2,580 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new stake in shares of SPDR S&P Dividend ETF during the 3rd quarter valued at $3,488,000.

SPDR S&P Dividend ETF Stock Performance

Shares of SPDR S&P Dividend ETF stock opened at $134.54 on Friday. SPDR S&P Dividend ETF has a fifty-two week low of $121.52 and a fifty-two week high of $144.45. The company has a market capitalization of $21.28 billion, a P/E ratio of 19.72 and a beta of 0.68. The company has a fifty day moving average of $135.52 and a 200 day moving average of $137.41.

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.