Maridea Wealth Management LLC Acquires Shares of 2,751 SPDR S&P Dividend ETF (NYSEARCA:SDY)

Maridea Wealth Management LLC bought a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 2,751 shares of the company’s stock, valued at approximately $363,000.

Other hedge funds have also bought and sold shares of the company. Avion Wealth lifted its holdings in shares of SPDR S&P Dividend ETF by 164.5% in the 4th quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after purchasing an additional 125 shares during the last quarter. Kestra Investment Management LLC bought a new stake in SPDR S&P Dividend ETF during the fourth quarter worth approximately $31,000. Noble Wealth Management PBC acquired a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at $32,000. Rialto Wealth Management LLC acquired a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at about $34,000. Finally, ST Germain D J Co. Inc. acquired a new stake in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $38,000.

SPDR S&P Dividend ETF Price Performance

SDY stock opened at $134.29 on Friday. SPDR S&P Dividend ETF has a 52-week low of $124.37 and a 52-week high of $144.45. The firm has a market capitalization of $19.98 billion, a P/E ratio of 20.91 and a beta of 0.87. The company’s 50 day simple moving average is $135.17 and its 200-day simple moving average is $137.41.

SPDR S&P Dividend ETF Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were paid a dividend of $0.8184 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.