Cibc World Market Inc. Purchases 11,073 Shares of SPDR S&P Dividend ETF $SDY

Cibc World Market Inc. grew its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 12.0% during the fourth quarter, HoldingsChannel reports. The firm owned 103,701 shares of the company’s stock after buying an additional 11,073 shares during the period. Cibc World Market Inc.’s holdings in SPDR S&P Dividend ETF were worth $14,431,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SDY. Delos Wealth Advisors LLC bought a new stake in shares of SPDR S&P Dividend ETF in the 3rd quarter valued at $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in SPDR S&P Dividend ETF during the fourth quarter worth $34,000. Syntax Research Inc. bought a new position in SPDR S&P Dividend ETF during the fourth quarter worth $35,000. Core Wealth Advisors LLC bought a new position in SPDR S&P Dividend ETF during the fourth quarter worth $35,000. Finally, Capital Investment Counsel Inc bought a new position in SPDR S&P Dividend ETF during the fourth quarter worth $51,000. 43.42% of the stock is owned by institutional investors.

SPDR S&P Dividend ETF Stock Up 0.3%

Shares of NYSEARCA SDY opened at $149.93 on Friday. The firm has a market cap of $21.94 billion, a PE ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 12-month low of $132.89 and a 12-month high of $156.39. The company’s fifty day simple moving average is $147.92 and its 200 day simple moving average is $146.54.

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.