BankPlus Trust Department Buys New Shares in SPDR S&P Dividend ETF (NYSEARCA:SDY)

BankPlus Trust Department bought a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 765 shares of the company’s stock, valued at approximately $101,000.

A number of other hedge funds have also added to or reduced their stakes in the business. IFP Advisors Inc grew its position in SPDR S&P Dividend ETF by 8.3% in the fourth quarter. IFP Advisors Inc now owns 12,477 shares of the company’s stock valued at $1,648,000 after purchasing an additional 954 shares in the last quarter. World Equity Group Inc. acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at $410,000. Forvis Mazars Wealth Advisors LLC lifted its stake in SPDR S&P Dividend ETF by 0.4% in the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 83,446 shares of the company’s stock valued at $11,023,000 after acquiring an additional 319 shares during the last quarter. Winebrenner Capital Management LLC acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at $1,274,000. Finally, Element Wealth LLC lifted its stake in SPDR S&P Dividend ETF by 16.5% in the fourth quarter. Element Wealth LLC now owns 2,221 shares of the company’s stock valued at $293,000 after acquiring an additional 314 shares during the last quarter.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock opened at $136.96 on Tuesday. The stock has a market cap of $21.67 billion, a P/E ratio of 19.72 and a beta of 0.68. The company has a fifty day moving average price of $133.41 and a two-hundred day moving average price of $137.66. SPDR S&P Dividend ETF has a one year low of $124.37 and a one year high of $144.45.

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.