Atlantic Union Bankshares Corp Makes New Investment in SPDR S&P Dividend ETF $SDY

Atlantic Union Bankshares Corp purchased a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 970 shares of the company’s stock, valued at approximately $132,000.

Other institutional investors have also made changes to their positions in the company. Rebalance LLC boosted its holdings in SPDR S&P Dividend ETF by 0.7% during the second quarter. Rebalance LLC now owns 11,098 shares of the company’s stock worth $1,506,000 after purchasing an additional 76 shares during the last quarter. Summit X LLC lifted its position in SPDR S&P Dividend ETF by 4.2% during the 1st quarter. Summit X LLC now owns 1,932 shares of the company’s stock worth $262,000 after buying an additional 77 shares in the last quarter. Wealth Advisory Solutions LLC lifted its position in SPDR S&P Dividend ETF by 3.1% during the 2nd quarter. Wealth Advisory Solutions LLC now owns 2,584 shares of the company’s stock worth $351,000 after buying an additional 78 shares in the last quarter. Focus Financial Network Inc. boosted its stake in shares of SPDR S&P Dividend ETF by 0.5% during the 2nd quarter. Focus Financial Network Inc. now owns 15,561 shares of the company’s stock worth $2,112,000 after buying an additional 81 shares during the last quarter. Finally, HTG Investment Advisors Inc. grew its holdings in shares of SPDR S&P Dividend ETF by 2.6% in the 2nd quarter. HTG Investment Advisors Inc. now owns 3,265 shares of the company’s stock valued at $443,000 after acquiring an additional 82 shares in the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY opened at $137.23 on Monday. 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 cap of $19.73 billion, a P/E ratio of 19.85 and a beta of 0.79. The stock’s 50-day simple moving average is $139.22 and its 200 day simple moving average is $137.47.

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.