Prime Capital Investment Advisors LLC bought a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,000 shares of the company’s stock, valued at approximately $99,000.
A number of other hedge funds have also recently modified their holdings of SDY. We Are One Seven LLC purchased a new position in SPDR S&P Dividend ETF in the 4th quarter worth $26,000. Arbor Wealth Management LLC purchased a new position in SPDR S&P Dividend ETF in the 4th quarter worth $32,000. Reilly Financial Advisors LLC raised its stake in SPDR S&P Dividend ETF by 105.5% in the 4th quarter. Reilly Financial Advisors LLC now owns 411 shares of the company’s stock worth $37,000 after acquiring an additional 211 shares during the last quarter. Truvestments Capital LLC purchased a new position in SPDR S&P Dividend ETF in the 1st quarter worth $45,000. Finally, Pinnacle Bank purchased a new position in SPDR S&P Dividend ETF in the 4th quarter worth $46,000.
Shares of SDY stock opened at $101.21 on Wednesday. SPDR S&P Dividend ETF has a 1 year low of $84.28 and a 1 year high of $101.45.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 18th were paid a $0.5309 dividend. The ex-dividend date was Friday, March 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.10%.
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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.
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