Independence Bank of Kentucky Purchases 22,949 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Independence Bank of Kentucky increased its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1,278.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,744 shares of the company’s stock after acquiring an additional 22,949 shares during the period. Independence Bank of Kentucky’s holdings in SPDR S&P Dividend ETF were worth $3,269,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Joel Isaacson & Co. LLC raised its stake in shares of SPDR S&P Dividend ETF by 1.2% in the third quarter. Joel Isaacson & Co. LLC now owns 2,461,997 shares of the company’s stock worth $349,702,000 after purchasing an additional 30,381 shares during the last quarter. International Assets Investment Management LLC increased its holdings in SPDR S&P Dividend ETF by 13,497.7% in the 3rd quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock worth $166,797,000 after buying an additional 1,165,660 shares in the last quarter. JPMorgan Chase & Co. raised its position in SPDR S&P Dividend ETF by 13.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock worth $147,161,000 after buying an additional 122,858 shares during the last quarter. Destination Wealth Management lifted its stake in SPDR S&P Dividend ETF by 0.3% during the 3rd quarter. Destination Wealth Management now owns 700,423 shares of the company’s stock valued at $99,488,000 after acquiring an additional 2,366 shares during the period. Finally, Elk River Wealth Management LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 2.2% during the 3rd quarter. Elk River Wealth Management LLC now owns 385,024 shares of the company’s stock valued at $54,690,000 after acquiring an additional 8,194 shares during the last quarter.

SPDR S&P Dividend ETF Stock Down 0.5 %

SDY opened at $134.54 on Friday. The stock has a market capitalization of $21.28 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The firm has a 50 day moving average price of $135.52 and a 200-day moving average price of $137.41. SPDR S&P Dividend ETF has a twelve month low of $121.52 and a twelve month high of $144.45.

SPDR S&P Dividend ETF Company 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.