SPDR S&P Dividend ETF $SDY Shares Sold by West Bancorporation Inc.

West Bancorporation Inc. cut its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 20.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,091 shares of the company’s stock after selling 777 shares during the period. West Bancorporation Inc.’s holdings in SPDR S&P Dividend ETF were worth $420,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Mesirow Financial Investment Management Inc. grew its stake in shares of SPDR S&P Dividend ETF by 1.5% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 104,104 shares of the company’s stock valued at $14,125,000 after buying an additional 1,491 shares during the period. Novem Group boosted its position in SPDR S&P Dividend ETF by 0.3% during the 2nd quarter. Novem Group now owns 29,191 shares of the company’s stock worth $3,962,000 after purchasing an additional 100 shares during the period. Gunma Bank Ltd. boosted its position in SPDR S&P Dividend ETF by 27.3% during the 1st quarter. Gunma Bank Ltd. now owns 65,300 shares of the company’s stock worth $8,860,000 after purchasing an additional 14,000 shares during the period. Beacon Investment Advisory Services Inc. boosted its position in SPDR S&P Dividend ETF by 16.2% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 2,863 shares of the company’s stock worth $389,000 after purchasing an additional 400 shares during the period. Finally, Destiny Wealth Partners LLC boosted its position in SPDR S&P Dividend ETF by 1.4% during the 2nd quarter. Destiny Wealth Partners LLC now owns 69,821 shares of the company’s stock worth $9,477,000 after purchasing an additional 933 shares during the period. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Trading Down 1.1%

Shares of SPDR S&P Dividend ETF stock opened at $137.47 on Friday. The company has a fifty day moving average price of $139.99 and a 200 day moving average price of $136.10. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month high of $144.45. The stock has a market cap of $19.86 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86.

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.