SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Get Rating) by 15.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,129,838 shares of the company’s stock after buying an additional 151,949 shares during the period. Bank of New York Mellon Corp’s holdings in SPDR S&P Dividend ETF were worth $125,977,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Oxford Financial Group Ltd. acquired a new position in SPDR S&P Dividend ETF during the third quarter worth approximately $34,000. Heritage Wealth Management LLC acquired a new position in shares of SPDR S&P Dividend ETF in the third quarter valued at approximately $34,000. Vectors Research Management LLC acquired a new position in shares of SPDR S&P Dividend ETF in the second quarter valued at approximately $36,000. Cribstone Capital Management LLC acquired a new position in shares of SPDR S&P Dividend ETF in the second quarter valued at approximately $54,000. Finally, Beaird Harris Wealth Management LLC acquired a new position in shares of SPDR S&P Dividend ETF in the third quarter valued at approximately $63,000.

SPDR S&P Dividend ETF Trading Down 1.7 %

NYSEARCA:SDY opened at $118.75 on Friday. The firm has a market cap of $24.21 billion, a P/E ratio of 14.72 and a beta of 0.86. The stock’s 50 day simple moving average is $126.96 and its 200-day simple moving average is $124.36. SPDR S&P Dividend ETF has a 12-month low of $110.55 and a 12-month high of $133.22.

SPDR S&P Dividend ETF Company Profile

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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.