Horizon Bancorp Inc. IN Lowers Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Horizon Bancorp Inc. IN lessened its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 23.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,746 shares of the company’s stock after selling 535 shares during the period. Horizon Bancorp Inc. IN’s holdings in SPDR S&P Dividend ETF were worth $229,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SDY. International Assets Investment Management LLC boosted its position in SPDR S&P Dividend ETF by 10,945.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,134,468 shares of the company’s stock worth $141,774,000 after purchasing an additional 1,124,197 shares in the last quarter. Pathstone Holdings LLC purchased a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at approximately $94,819,000. Legacy Financial Group LLC grew its stake in SPDR S&P Dividend ETF by 1,574.9% in the 1st quarter. Legacy Financial Group LLC now owns 393,594 shares of the company’s stock valued at $51,655,000 after acquiring an additional 370,094 shares during the period. Comerica Bank acquired a new stake in SPDR S&P Dividend ETF in the 3rd quarter valued at $17,485,000. Finally, Argent Capital Management LLC purchased a new stake in SPDR S&P Dividend ETF in the 4th quarter worth $15,142,000.

SPDR S&P Dividend ETF Trading Down 0.1 %

SDY traded down $0.14 during midday trading on Thursday, hitting $126.39. 344,904 shares of the company traded hands, compared to its average volume of 332,618. The business has a 50 day simple moving average of $129.06 and a two-hundred day simple moving average of $126.95. SPDR S&P Dividend ETF has a 52-week low of $109.87 and a 52-week high of $132.49. The company has a market capitalization of $19.99 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.