CIBC Bancorp USA Inc. Purchases Shares of 55,732 SPDR S&P Dividend ETF $SDY

CIBC Bancorp USA Inc. acquired a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 55,732 shares of the company’s stock, valued at approximately $7,805,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SDY. CVA Family Office LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 60.0% during the 3rd quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after purchasing an additional 75 shares during the last quarter. Flagship Wealth Advisors LLC increased its position 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 purchasing an additional 175 shares during the last quarter. Compass Financial Services Inc purchased a new stake in shares of SPDR S&P Dividend ETF in the third quarter valued at $29,000. Delos Wealth Advisors LLC purchased a new stake in SPDR S&P Dividend ETF in the 3rd quarter worth about $29,000. Finally, Global Wealth Strategies & Associates raised its holdings in shares of SPDR S&P Dividend ETF by 985.0% in the third quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock worth $30,000 after buying an additional 197 shares during the period. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Down 1.3%

NYSEARCA:SDY opened at $143.97 on Friday. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month high of $156.39. The stock has a fifty day simple moving average of $150.52 and a 200-day simple moving average of $143.30. The company has a market cap of $20.41 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79.

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.