Union Savings Bank Sells 618 Shares of SPDR S&P Dividend ETF $SDY

Union Savings Bank reduced its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,030 shares of the company’s stock after selling 618 shares during the quarter. SPDR S&P Dividend ETF makes up 0.9% of Union Savings Bank’s portfolio, making the stock its 20th largest holding. Union Savings Bank’s holdings in SPDR S&P Dividend ETF were worth $1,922,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SDY. Insight Inv LLC acquired a new position in shares of SPDR S&P Dividend ETF in the 2nd quarter valued at $27,000. Oliver Lagore Vanvalin Investment Group bought a new stake in SPDR S&P Dividend ETF in the second quarter valued at about $40,000. Private Wealth Asset Management LLC increased its stake in SPDR S&P Dividend ETF by 1,245.5% in the second quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock valued at $40,000 after acquiring an additional 274 shares during the period. Briaud Financial Planning Inc acquired a new position in SPDR S&P Dividend ETF in the first quarter worth about $45,000. Finally, Wealth Preservation Advisors LLC bought a new position in SPDR S&P Dividend ETF during the first quarter worth about $50,000. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Down 0.3%

NYSEARCA SDY opened at $138.22 on Friday. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $144.45. The stock’s 50 day moving average is $138.98 and its two-hundred day moving average is $137.65. The company has a market capitalization of $19.88 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79.

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.