Union Savings Bank Makes New $1.72 Million Investment in SPDR S&P Dividend ETF $SDY

Union Savings Bank bought a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 12,364 shares of the company’s stock, valued at approximately $1,721,000. SPDR S&P Dividend ETF comprises about 0.7% of Union Savings Bank’s holdings, making the stock its 23rd largest position.

Other hedge funds have also recently made changes to their positions in the company. Dara Capital US Inc. bought a new stake in SPDR S&P Dividend ETF during the fourth quarter worth approximately $509,000. M&T Bank Corp lifted its stake in shares of SPDR S&P Dividend ETF by 8.0% in the 4th quarter. M&T Bank Corp now owns 97,976 shares of the company’s stock valued at $13,634,000 after purchasing an additional 7,228 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of SPDR S&P Dividend ETF by 126.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 223,525 shares of the company’s stock valued at $31,305,000 after purchasing an additional 124,864 shares during the last quarter. Focus Partners Advisor Solutions LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 71.9% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 9,820 shares of the company’s stock worth $1,365,000 after purchasing an additional 4,109 shares during the period. Finally, Ticino Wealth purchased a new position in shares of SPDR S&P Dividend ETF in the 4th quarter worth approximately $602,000. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY opened at $150.50 on Friday. The company has a market cap of $22.03 billion, a P/E ratio of 19.85 and a beta of 0.69. The business’s 50 day moving average price is $148.96 and its 200-day moving average price is $147.43. SPDR S&P Dividend ETF has a fifty-two week low of $132.89 and a fifty-two week high of $156.39.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.