West Bancorporation Inc. reduced its position in SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 20.1% in the second quarter, HoldingsChannel.com reports. The institutional investor 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 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Insight Inv LLC purchased a new position in SPDR S&P Dividend ETF in the 2nd quarter valued at about $27,000. Oliver Lagore Vanvalin Investment Group purchased a new position in SPDR S&P Dividend ETF in the 2nd quarter valued at about $40,000. Crews Bank & Trust boosted its position in SPDR S&P Dividend ETF by 98.2% in the 1st quarter. Crews Bank & Trust now owns 327 shares of the company’s stock valued at $44,000 after buying an additional 162 shares during the last quarter. Briaud Financial Planning Inc purchased a new position in SPDR S&P Dividend ETF in the 1st quarter valued at about $45,000. Finally, Wealth Preservation Advisors LLC purchased a new position in SPDR S&P Dividend ETF in the 1st quarter valued at about $50,000. 43.42% of the stock is owned by hedge funds and other institutional investors.
SPDR S&P Dividend ETF Stock Performance
Shares of SPDR S&P Dividend ETF stock opened at $137.47 on Friday. The firm has a market cap of $19.86 billion, a PE ratio of 19.85 and a beta of 0.86. The firm’s 50-day simple moving average is $139.99 and its 200-day simple moving average is $136.10. SPDR S&P Dividend ETF has a 1 year low of $119.83 and a 1 year high of $144.45.
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.
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Want to see what other hedge funds are holding SDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report).
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