MidFirst Bank Invests $1.30 Million in SPDR S&P Dividend ETF $SDY

MidFirst Bank purchased a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,335 shares of the company’s stock, valued at approximately $1,299,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Delos Wealth Advisors LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the third quarter valued at approximately $29,000. Ankerstar Wealth LLC acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth $34,000. Syntax Research Inc. purchased a new position in SPDR S&P Dividend ETF in the 4th quarter valued at approximately $35,000. Finally, Core Wealth Advisors LLC acquired a new position in SPDR S&P Dividend ETF during the fourth quarter worth $35,000. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Price Performance

SPDR S&P Dividend ETF stock opened at $150.50 on Friday. SPDR S&P Dividend ETF has a 52 week low of $132.89 and a 52 week high of $156.39. The firm’s 50-day simple moving average is $148.96 and its 200 day simple moving average is $147.43. The firm has a market capitalization of $22.03 billion, a PE ratio of 19.85 and a beta of 0.69.

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.