14,252 Shares in SPDR S&P Dividend ETF $SDY Bought by Independent Financial Group LLC

Independent Financial Group LLC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,252 shares of the company’s stock, valued at approximately $2,080,000.

Several other large investors have also bought and sold shares of the stock. Park National Corp OH bought a new stake in shares of SPDR S&P Dividend ETF in the 1st quarter worth $28,000. MBM Wealth Consultants LLC bought a new position in shares of SPDR S&P Dividend ETF during the first quarter valued at about $34,000. Ankerstar Wealth LLC bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in SPDR S&P Dividend ETF during the fourth quarter worth about $34,000. Finally, Syntax Research Inc. purchased a new position in SPDR S&P Dividend ETF during the fourth quarter worth about $35,000. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock opened at $154.81 on Friday. SPDR S&P Dividend ETF has a 52-week low of $135.30 and a 52-week high of $157.66. The company has a 50-day simple moving average of $151.02 and a two-hundred day simple moving average of $149.25. The company has a market capitalization of $21.74 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69.

SPDR S&P Dividend ETF 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.