Associated Banc Corp Trims Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Associated Banc Corp reduced its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,542 shares of the company’s stock after selling 452 shares during the period. Associated Banc Corp’s holdings in SPDR S&P Dividend ETF were worth $14,338,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Avion Wealth grew its position in shares of SPDR S&P Dividend ETF by 164.5% during the 4th quarter. Avion Wealth now owns 201 shares of the company’s stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Kestra Investment Management LLC purchased a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at $31,000. Noble Wealth Management PBC purchased a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at $32,000. Rialto Wealth Management LLC purchased a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at $34,000. Finally, Assetmark Inc. grew its position in shares of SPDR S&P Dividend ETF by 192.0% during the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after purchasing an additional 167 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY opened at $134.62 on Friday. SPDR S&P Dividend ETF has a 52-week low of $124.37 and a 52-week high of $144.45. The company has a market capitalization of $20.14 billion, a P/E ratio of 21.48 and a beta of 0.88. The company has a fifty day moving average of $134.42 and a 200-day moving average of $137.70.

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.