BankPlus Trust Department Makes New $101,000 Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

BankPlus Trust Department bought a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 765 shares of the company’s stock, valued at approximately $101,000.

Several other hedge funds also recently bought and sold shares of the company. Joel Isaacson & Co. LLC raised its holdings in 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 worth $332,449,000 after purchasing an additional 54,648 shares during the period. JPMorgan Chase & Co. increased its position 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 worth $147,161,000 after acquiring an additional 122,858 shares in the last quarter. Destination Wealth Management increased its position in shares of SPDR S&P Dividend ETF by 0.3% during the third quarter. Destination Wealth Management now owns 700,423 shares of the company’s stock worth $99,488,000 after acquiring an additional 2,366 shares in the last quarter. Elk River Wealth Management LLC increased its position in shares of SPDR S&P Dividend ETF by 2.6% during the fourth quarter. Elk River Wealth Management LLC now owns 395,119 shares of the company’s stock worth $52,196,000 after acquiring an additional 10,095 shares in the last quarter. Finally, Legacy Financial Group LLC increased its position in shares of SPDR S&P Dividend ETF by 0.8% during the fourth quarter. Legacy Financial Group LLC now owns 377,368 shares of the company’s stock worth $49,850,000 after acquiring an additional 3,088 shares in the last quarter.

SPDR S&P Dividend ETF Stock Up 0.3 %

Shares of SDY stock opened at $136.96 on Tuesday. The firm has a fifty day moving average of $133.41 and a 200-day moving average of $137.66. SPDR S&P Dividend ETF has a 12-month low of $124.37 and a 12-month high of $144.45. The company has a market capitalization of $21.67 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

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.