Mechanics Financial Corp Takes $132,000 Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Mechanics Financial Corp bought a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,000 shares of the company’s stock, valued at approximately $132,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Ritholtz Wealth Management raised its stake in shares of SPDR S&P Dividend ETF by 9.7% during the 4th quarter. Ritholtz Wealth Management now owns 5,718 shares of the company’s stock worth $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 during the fourth quarter worth $67,000. Franklin Resources Inc. lifted its stake in 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 during the last quarter. FSA Wealth Management LLC bought a new position in shares of SPDR S&P Dividend ETF in the 3rd quarter valued at about $3,488,000. Finally, Citigroup Inc. increased its stake in shares of 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 purchasing an additional 3,551 shares during the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA:SDY opened at $134.29 on Friday. The company has a 50-day simple moving average of $135.17 and a 200 day simple moving average of $137.42. The company 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 has a 52-week low of $124.37 and a 52-week high of $144.45.

SPDR S&P Dividend ETF Dividend Announcement

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