Stratified LargeCap Index ETF (NYSEARCA:SSPY) to Issue $1.20 Annual Dividend

Stratified LargeCap Index ETF (NYSEARCA:SSPY) announced an annual dividend on Monday, December 29th. Shareholders of record on Tuesday, December 30th will be given a dividend of 1.2022 per share on Wednesday, December 31st. This represents a yield of 135.0%. The ex-dividend date of this dividend is Tuesday, December 30th.

Stratified LargeCap Index ETF Stock Down 0.2%

NYSEARCA:SSPY opened at $88.79 on Tuesday. Stratified LargeCap Index ETF has a 52 week low of $69.36 and a 52 week high of $89.24. The stock’s fifty day moving average is $87.05 and its two-hundred day moving average is $85.31. The company has a market capitalization of $122.53 million, a P/E ratio of 19.15 and a beta of 0.94.

Institutional Investors Weigh In On Stratified LargeCap Index ETF

A hedge fund recently raised its stake in Stratified LargeCap Index ETF stock. Susquehanna International Group LLP increased its stake in shares of Stratified LargeCap Index ETF (NYSEARCA:SSPY) by 26.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 21,488 shares of the company’s stock after purchasing an additional 4,479 shares during the period. Susquehanna International Group LLP owned approximately 1.56% of Stratified LargeCap Index ETF worth $1,865,000 at the end of the most recent reporting period.

About Stratified LargeCap Index ETF

The Syntax Stratified LargeCap ETF (SSPY) is an exchange-traded fund that is based on the Syntax Stratified LargeCap index. The fund tracks an index that holds all constituents of the S&P 500 Index, reweighted to diversify related business risk. SSPY was launched on Jan 4, 2019 and is managed by Syntax.