Shum Financial Group Inc. Makes New $3.60 Million Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Shum Financial Group Inc. purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 25,877 shares of the company’s stock, valued at approximately $3,604,000. SPDR S&P Dividend ETF makes up 3.0% of Shum Financial Group Inc.’s holdings, making the stock its 7th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of SDY. D.A. Davidson & CO. boosted its position in shares of SPDR S&P Dividend ETF by 7.6% in the 3rd quarter. D.A. Davidson & CO. now owns 21,005 shares of the company’s stock worth $2,984,000 after purchasing an additional 1,486 shares in the last quarter. Bank of Montreal Can raised its stake in SPDR S&P Dividend ETF by 0.5% in the third quarter. Bank of Montreal Can now owns 217,946 shares of the company’s stock valued at $30,881,000 after buying an additional 1,018 shares during the last quarter. Associated Banc Corp boosted its holdings in SPDR S&P Dividend ETF by 2.8% in the third quarter. Associated Banc Corp now owns 108,994 shares of the company’s stock worth $15,482,000 after acquiring an additional 2,967 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of SPDR S&P Dividend ETF by 2,310.9% during the third quarter. Brown Brothers Harriman & Co. now owns 37,683 shares of the company’s stock worth $5,352,000 after acquiring an additional 36,120 shares during the last quarter. Finally, SevenBridge Financial Group LLC increased its holdings in shares of SPDR S&P Dividend ETF by 1.5% during the third quarter. SevenBridge Financial Group LLC now owns 6,542 shares of the company’s stock valued at $928,000 after acquiring an additional 95 shares in the last quarter.

SPDR S&P Dividend ETF Stock Down 0.1 %

Shares of SPDR S&P Dividend ETF stock traded down $0.21 during midday trading on Tuesday, hitting $143.31. The company had a trading volume of 6,922 shares, compared to its average volume of 277,285. The stock has a market cap of $22.67 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 12-month low of $118.33 and a 12-month high of $144.06. The company has a fifty day simple moving average of $140.88 and a 200 day simple moving average of $135.32.

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.