SPDR S&P Dividend ETF (NYSEARCA:SDY) Stock Position Increased by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc grew its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 102.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,946 shares of the company’s stock after purchasing an additional 2,000 shares during the period. Texas Capital Bank Wealth Management Services Inc’s holdings in SPDR S&P Dividend ETF were worth $502,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Riggs Asset Managment Co. Inc. grew its holdings in SPDR S&P Dividend ETF by 76.8% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock worth $29,000 after buying an additional 96 shares in the last quarter. Scarborough Advisors LLC acquired a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at $30,000. Farmers & Merchants Investments Inc. bought a new stake in shares of SPDR S&P Dividend ETF during the first quarter valued at about $33,000. Russell Investments Group Ltd. lifted its holdings in SPDR S&P Dividend ETF by 101.6% in the first quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock worth $33,000 after purchasing an additional 127 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in SPDR S&P Dividend ETF in the 2nd quarter valued at about $34,000.

SPDR S&P Dividend ETF Trading Up 0.4 %

SPDR S&P Dividend ETF stock opened at $141.69 on Friday. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $142.62. The stock has a market cap of $22.42 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The company’s 50-day moving average price is $136.75 and its two-hundred day moving average price is $131.58.

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.