Bay Capital Advisors LLC Acquires New Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Bay Capital Advisors LLC bought a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,855 shares of the company’s stock, valued at approximately $906,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter valued at approximately $397,657,000. LPL Financial LLC raised its stake in SPDR S&P Dividend ETF by 2.1% during the 4th quarter. LPL Financial LLC now owns 2,861,694 shares of the company’s stock valued at $378,030,000 after purchasing an additional 59,001 shares during the period. Joel Isaacson & Co. LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 2.2% in the fourth quarter. Joel Isaacson & Co. LLC now owns 2,516,645 shares of the company’s stock valued at $332,449,000 after purchasing an additional 54,648 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of SPDR S&P Dividend ETF by 2.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,103,945 shares of the company’s stock worth $145,831,000 after buying an additional 30,488 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of SPDR S&P Dividend ETF by 13.5% during the third quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock valued at $147,161,000 after buying an additional 122,858 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

SDY opened at $134.38 on Tuesday. The company has a market capitalization of $20.00 billion, a PE ratio of 20.91 and a beta of 0.87. The business has a 50-day moving average of $135.01 and a 200-day moving average of $137.52. SPDR S&P Dividend ETF has a fifty-two week low of $124.37 and a fifty-two week high of $144.45.

SPDR S&P Dividend ETF Dividend Announcement

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