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

Independence Bank of Kentucky cut its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,517 shares of the company’s stock after selling 227 shares during the quarter. Independence Bank of Kentucky’s holdings in SPDR S&P Dividend ETF were worth $3,326,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Butensky & Cohen Financial Security Inc. grew its holdings in SPDR S&P Dividend ETF by 1.9% in the first quarter. Butensky & Cohen Financial Security Inc. now owns 8,489 shares of the company’s stock worth $1,152,000 after purchasing an additional 157 shares during the last quarter. Elk River Wealth Management LLC raised its holdings in shares of SPDR S&P Dividend ETF by 3.9% during the first quarter. Elk River Wealth Management LLC now owns 410,636 shares of the company’s stock worth $55,716,000 after purchasing an additional 15,517 shares during the last quarter. Sard Wealth Management Group LLC raised its holdings in shares of SPDR S&P Dividend ETF by 2.5% during the first quarter. Sard Wealth Management Group LLC now owns 91,183 shares of the company’s stock worth $12,372,000 after purchasing an additional 2,198 shares during the last quarter. Procyon Advisors LLC purchased a new position in shares of SPDR S&P Dividend ETF during the first quarter worth $245,000. Finally, Pinnacle Wealth Management Group Inc. purchased a new position in shares of SPDR S&P Dividend ETF during the first quarter worth $282,000.

SPDR S&P Dividend ETF Price Performance

Shares of SPDR S&P Dividend ETF stock opened at $135.23 on Friday. The firm has a fifty day moving average price of $131.45 and a 200 day moving average price of $134.19. SPDR S&P Dividend ETF has a 1 year low of $119.83 and a 1 year high of $144.45. The stock has a market cap of $19.91 billion, a PE ratio of 20.59 and a beta of 0.80.

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.