M&T Bank Corp Boosts Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

M&T Bank Corp boosted its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 55,010 shares of the company’s stock after purchasing an additional 1,068 shares during the period. M&T Bank Corp’s holdings in SPDR S&P Dividend ETF were worth $7,814,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Capital Performance Advisors LLP purchased a new position in SPDR S&P Dividend ETF during the third quarter valued at approximately $31,000. JNBA Financial Advisors acquired a new stake in shares of SPDR S&P Dividend ETF during the 3rd quarter worth approximately $32,000. Assetmark Inc. increased its holdings 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. Strategic Investment Solutions Inc. IL lifted its stake in shares of SPDR S&P Dividend ETF by 113.8% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after purchasing an additional 140 shares during the period. Finally, Darwin Wealth Management LLC purchased a new stake in SPDR S&P Dividend ETF during the third quarter worth $41,000.

SPDR S&P Dividend ETF Stock Performance

SDY opened at $132.68 on Monday. The company has a fifty day moving average of $140.37 and a two-hundred day moving average of $136.50. SPDR S&P Dividend ETF has a fifty-two week low of $121.52 and a fifty-two week high of $144.45. The stock has a market capitalization of $20.99 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

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.