Cibc World Market Inc. Has $14.43 Million Stock Holdings in SPDR S&P Dividend ETF $SDY

Cibc World Market Inc. increased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 12.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,701 shares of the company’s stock after purchasing an additional 11,073 shares during the quarter. Cibc World Market Inc. owned approximately 0.07% of SPDR S&P Dividend ETF worth $14,431,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SDY. Brighton Jones LLC increased its position in SPDR S&P Dividend ETF by 404.5% in the 4th quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock valued at $2,443,000 after acquiring an additional 14,829 shares during the period. AQR Capital Management LLC increased its position in SPDR S&P Dividend ETF by 49.5% in the 1st quarter. AQR Capital Management LLC now owns 7,936 shares of the company’s stock valued at $1,077,000 after acquiring an additional 2,627 shares during the period. First Trust Advisors LP increased its position in SPDR S&P Dividend ETF by 30.4% in the 2nd quarter. First Trust Advisors LP now owns 32,141 shares of the company’s stock valued at $4,362,000 after acquiring an additional 7,493 shares during the period. NewEdge Advisors LLC increased its position in SPDR S&P Dividend ETF by 3.5% in the 2nd quarter. NewEdge Advisors LLC now owns 65,223 shares of the company’s stock valued at $8,853,000 after acquiring an additional 2,192 shares during the period. Finally, Raymond James Financial Inc. increased its position in SPDR S&P Dividend ETF by 4.0% in the 2nd 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 period. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA SDY opened at $149.93 on Friday. SPDR S&P Dividend ETF has a 52-week low of $132.89 and a 52-week high of $156.39. The firm has a 50 day moving average price of $147.92 and a two-hundred day moving average price of $146.54. The stock has a market cap of $21.94 billion, a P/E ratio of 19.85 and a beta of 0.69.

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