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

M&T Bank Corp boosted its holdings in 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. The fund owned 97,976 shares of the company’s stock after purchasing an additional 7,228 shares during the quarter. M&T Bank Corp owned approximately 0.07% of SPDR S&P Dividend ETF worth $13,634,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in SDY. Brighton Jones LLC increased its position in SPDR S&P Dividend ETF by 404.5% during the fourth quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock worth $2,443,000 after purchasing an additional 14,829 shares during the last quarter. AQR Capital Management LLC increased its position in SPDR S&P Dividend ETF by 49.5% during the first quarter. AQR Capital Management LLC now owns 7,936 shares of the company’s stock worth $1,077,000 after purchasing an additional 2,627 shares during the last quarter. First Trust Advisors LP increased its position in SPDR S&P Dividend ETF by 30.4% during the second quarter. First Trust Advisors LP now owns 32,141 shares of the company’s stock worth $4,362,000 after purchasing an additional 7,493 shares during the last quarter. NewEdge Advisors LLC increased its position in SPDR S&P Dividend ETF by 3.5% during the second quarter. NewEdge Advisors LLC now owns 65,223 shares of the company’s stock worth $8,853,000 after purchasing an additional 2,192 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in SPDR S&P Dividend ETF by 4.0% during the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after purchasing an additional 119,562 shares during the last quarter. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock opened at $149.36 on Friday. SPDR S&P Dividend ETF has a one year low of $128.87 and a one year high of $156.39. The company has a 50 day moving average price of $149.53 and a 200 day moving average price of $144.45. The firm has a market capitalization of $21.10 billion, a price-to-earnings ratio of 19.85 and a beta of 0.74.

About SPDR S&P Dividend ETF

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.