Bay Capital Advisors LLC Takes $906,000 Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Bay Capital Advisors LLC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 6,855 shares of the company’s stock, valued at approximately $906,000.

A number of other hedge funds have also modified their holdings of SDY. Ritholtz Wealth Management grew its stake in SPDR S&P Dividend ETF by 9.7% in the fourth quarter. Ritholtz Wealth Management now owns 5,718 shares of the company’s stock valued at $755,000 after purchasing an additional 505 shares in the last quarter. Empowered Funds LLC bought a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at $67,000. Franklin Resources Inc. grew its stake in shares of SPDR S&P Dividend ETF by 2.2% in the third quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock valued at $8,189,000 after acquiring an additional 1,222 shares in the last quarter. FSA Wealth Management LLC bought a new position in shares of SPDR S&P Dividend ETF during the third quarter worth approximately $3,488,000. Finally, Citigroup Inc. increased its stake in SPDR S&P Dividend ETF by 16.0% during the 3rd quarter. Citigroup Inc. now owns 25,758 shares of the company’s stock worth $3,659,000 after acquiring an additional 3,551 shares during the period.

SPDR S&P Dividend ETF Stock Up 0.1 %

SDY stock opened at $134.38 on Tuesday. The company’s 50-day moving average price is $135.01 and its two-hundred day moving average price is $137.52. The firm has a market cap of $20.00 billion, a P/E ratio of 20.91 and a beta of 0.87. SPDR S&P Dividend ETF has a 12 month low of $124.37 and a 12 month high of $144.45.

SPDR S&P Dividend ETF Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, March 26th. Investors of record on Monday, March 24th will be given a dividend of $0.8184 per share. The ex-dividend date is 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.