Citizens Business Bank Invests $598,000 in SPDR S&P Dividend ETF $SDY

Citizens Business Bank purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,273 shares of the company’s stock, valued at approximately $598,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CVA Family Office LLC grew its stake in shares of SPDR S&P Dividend ETF by 60.0% in the 3rd quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after purchasing an additional 75 shares during the last quarter. Flagship Wealth Advisors LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 625.0% during the third quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after purchasing an additional 175 shares during the period. Compass Financial Services Inc purchased a new position in SPDR S&P Dividend ETF in the 3rd quarter valued at $29,000. Global Wealth Strategies & Associates increased its stake in SPDR S&P Dividend ETF by 985.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock valued at $30,000 after buying an additional 197 shares during the period. Finally, Total Investment Management Inc. purchased a new position in SPDR S&P Dividend ETF during the 2nd quarter worth $43,000. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Performance

SDY stock opened at $154.56 on Thursday. The stock has a market capitalization of $21.92 billion, a PE ratio of 19.85 and a beta of 0.79. The company has a fifty day moving average of $147.11 and a 200-day moving average of $142.16. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $156.12.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.