Canandaigua National Bank & Trust Co. Invests $3.86 Million in SPDR S&P Dividend ETF $SDY

Canandaigua National Bank & Trust Co. acquired a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 25,338 shares of the company’s stock, valued at approximately $3,856,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bangor Savings Bank boosted its position in SPDR S&P Dividend ETF by 5.6% during the second quarter. Bangor Savings Bank now owns 1,481 shares of the company’s stock valued at $225,000 after buying an additional 79 shares during the period. Stonebridge Financial Group LLC grew its stake in shares of SPDR S&P Dividend ETF by 22.1% during the second quarter. Stonebridge Financial Group LLC now owns 3,560 shares of the company’s stock valued at $542,000 after buying an additional 645 shares during the last quarter. Diesslin Group Inc. purchased a new position in shares of SPDR S&P Dividend ETF in the second quarter worth about $227,000. Confluence Investment Management LLC increased its holdings in shares of SPDR S&P Dividend ETF by 92.5% in the second quarter. Confluence Investment Management LLC now owns 132,295 shares of the company’s stock worth $20,133,000 after buying an additional 63,585 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of SPDR S&P Dividend ETF by 165.3% in the 1st quarter. Parallel Advisors LLC now owns 6,864 shares of the company’s stock valued at $1,002,000 after acquiring an additional 4,277 shares during the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Up 1.0%

NYSEARCA SDY opened at $157.23 on Wednesday. The firm has a market cap of $23.80 billion, a PE ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 1-year low of $135.30 and a 1-year high of $160.29. The stock has a 50-day moving average of $152.80 and a 200-day moving average of $150.48.

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.