1,000 Shares in SPDR S&P Dividend ETF (NYSEARCA:SDY) Purchased by Mechanics Financial Corp

Mechanics Financial Corp acquired a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $132,000.

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

SPDR S&P Dividend ETF Trading Down 0.6 %

SDY stock opened at $134.29 on Friday. The firm has a 50-day moving average price of $135.17 and a 200-day moving average price of $137.42. SPDR S&P Dividend ETF has a 12 month low of $124.37 and a 12 month high of $144.45. The stock has a market capitalization of $19.98 billion, a P/E ratio of 20.91 and a beta of 0.87.

SPDR S&P Dividend ETF Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were given a $0.8184 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.