West Bancorporation Inc. Trims Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

West Bancorporation Inc. lowered its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.8% in the 4th quarter, Holdings Channel reports. The fund owned 5,520 shares of the company’s stock after selling 219 shares during the quarter. West Bancorporation Inc.’s holdings in SPDR S&P Dividend ETF were worth $729,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SDY. International Assets Investment Management LLC raised its holdings in SPDR S&P Dividend ETF by 13,497.7% in the third quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock worth $166,797,000 after purchasing an additional 1,165,660 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of 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 acquiring an additional 122,858 shares in the last quarter. Argent Capital Management LLC purchased a new position in SPDR S&P Dividend ETF during the 4th quarter valued at about $14,644,000. Sanctuary Advisors LLC purchased a new position in SPDR S&P Dividend ETF during the 2nd quarter valued at about $10,044,000. Finally, Synovus Financial Corp boosted its stake in SPDR S&P Dividend ETF by 88.6% during the third quarter. Synovus Financial Corp now owns 89,572 shares of the company’s stock worth $12,723,000 after acquiring an additional 42,078 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA SDY opened at $134.54 on Friday. The company has a 50 day simple moving average of $135.68 and a two-hundred day simple moving average of $137.38. SPDR S&P Dividend ETF has a fifty-two week low of $121.52 and a fifty-two week high of $144.45. The company has a market capitalization of $21.28 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

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.