Canandaigua National Bank & Trust Co. Buys Shares of 25,338 SPDR S&P Dividend ETF $SDY

Canandaigua National Bank & Trust Co. purchased a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 25,338 shares of the company’s stock, valued at approximately $3,856,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in shares of SPDR S&P Dividend ETF by 0.5% during the 1st quarter. Bank of America Corp DE now owns 7,319,410 shares of the company’s stock worth $1,068,195,000 after acquiring an additional 36,785 shares during the last quarter. Morgan Stanley increased its stake in SPDR S&P Dividend ETF by 2.0% in the fourth quarter. Morgan Stanley now owns 4,840,696 shares of the company’s stock valued at $673,631,000 after acquiring an additional 95,878 shares during the last quarter. Raymond James Financial Inc. increased its stake in SPDR S&P Dividend ETF by 4.0% in the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after acquiring an additional 119,562 shares during the last quarter. Joel Isaacson & Co. LLC raised its position in SPDR S&P Dividend ETF by 4.6% during the fourth quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock valued at $388,038,000 after purchasing an additional 121,368 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in SPDR S&P Dividend ETF by 1.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,076,605 shares of the company’s stock valued at $288,980,000 after purchasing an additional 39,572 shares in the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Up 1.0%

Shares of SDY stock opened at $157.23 on Wednesday. The business has a 50-day moving average price of $152.80 and a two-hundred day moving average price of $150.48. SPDR S&P Dividend ETF has a 12-month low of $135.30 and a 12-month high of $160.29. The firm has a market cap of $23.80 billion, a P/E ratio of 19.85 and a beta of 0.69.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.