SPDR S&P Dividend ETF $SDY Shares Bought by M&T Bank Corp

M&T Bank Corp grew its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 8.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,976 shares of the company’s stock after acquiring an additional 7,228 shares during the quarter. M&T Bank Corp’s holdings in SPDR S&P Dividend ETF were worth $13,634,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC increased its position in shares of SPDR S&P Dividend ETF by 60.0% in the third quarter. CVA Family Office LLC now owns 200 shares of the company’s stock worth $28,000 after acquiring an additional 75 shares in the last quarter. Flagship Wealth Advisors LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 625.0% during the 3rd quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after acquiring an additional 175 shares in the last quarter. Compass Financial Services Inc acquired a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter valued at $29,000. Delos Wealth Advisors LLC purchased a new stake in SPDR S&P Dividend ETF during the 3rd quarter worth $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in SPDR S&P Dividend ETF during the 4th quarter worth $34,000. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Trading Up 1.5%

Shares of NYSEARCA SDY opened at $149.36 on Friday. SPDR S&P Dividend ETF has a 12-month low of $128.87 and a 12-month high of $156.39. The company has a market cap of $21.10 billion, a P/E ratio of 19.85 and a beta of 0.74. The stock has a fifty day moving average price of $149.53 and a 200 day moving average price of $144.45.

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.