MidFirst Bank Takes Position in SPDR S&P Dividend ETF $SDY

MidFirst Bank acquired a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, HoldingsChannel reports. The fund acquired 9,335 shares of the company’s stock, valued at approximately $1,299,000.

Several other institutional investors also recently bought and sold shares of the business. Astoria Portfolio Advisors LLC. lifted its holdings in shares of SPDR S&P Dividend ETF by 15.0% during the 4th quarter. Astoria Portfolio Advisors LLC. now owns 6,165 shares of the company’s stock valued at $858,000 after acquiring an additional 803 shares in the last quarter. Beaird Harris Wealth Management LLC acquired a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at $389,000. Compound Planning Inc. increased its holdings in SPDR S&P Dividend ETF by 3.9% in the 4th quarter. Compound Planning Inc. now owns 4,355 shares of the company’s stock valued at $606,000 after purchasing an additional 165 shares in the last quarter. Torrey Payne Wealth Management LLC purchased a new position in SPDR S&P Dividend ETF in the fourth quarter valued at about $5,341,000. Finally, Axxcess Wealth Management LLC lifted its stake in shares of SPDR S&P Dividend ETF by 56.1% during the fourth quarter. Axxcess Wealth Management LLC now owns 12,058 shares of the company’s stock worth $1,678,000 after purchasing an additional 4,332 shares in the last quarter. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA SDY opened at $150.50 on Friday. SPDR S&P Dividend ETF has a 1-year low of $132.89 and a 1-year high of $156.39. The business has a 50-day moving average of $148.96 and a 200-day moving average of $147.43. The company has a market capitalization of $22.03 billion, a price-to-earnings 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.