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

Maridea Wealth Management LLC purchased a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,751 shares of the company’s stock, valued at approximately $363,000.

Other institutional investors also recently modified their holdings of the company. Avion Wealth grew its position 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 valued at $26,000 after purchasing an additional 125 shares during the period. Kestra Investment Management LLC acquired a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at $31,000. Noble Wealth Management PBC acquired a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at about $32,000. Rialto Wealth Management LLC bought a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter worth approximately $34,000. Finally, ST Germain D J Co. Inc. acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at $38,000.

SPDR S&P Dividend ETF Trading Down 0.6 %

SDY opened at $134.29 on Friday. The stock has a market cap of $19.98 billion, a PE ratio of 20.91 and a beta of 0.87. The stock’s fifty day simple moving average is $135.17 and its 200 day simple moving average is $137.41. SPDR S&P Dividend ETF has a 1-year low of $124.37 and a 1-year high of $144.45.

SPDR S&P Dividend ETF Dividend Announcement

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

SPDR S&P Dividend ETF Company 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.