TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Increases Dividend to $0.30 Per Share

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) declared a monthly dividend on Monday, October 6th. Stockholders of record on Tuesday, October 7th will be given a dividend of 0.3002 per share on Wednesday, October 8th. This represents a c) dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date is Tuesday, October 7th. This is a 2.8% increase from TappAlpha SPY Growth & Daily Income ETF’s previous monthly dividend of $0.29.

TappAlpha SPY Growth & Daily Income ETF Stock Performance

NASDAQ:TSPY opened at $25.55 on Tuesday. TappAlpha SPY Growth & Daily Income ETF has a 12-month low of $20.02 and a 12-month high of $26.96. The stock’s fifty day simple moving average is $24.99 and its 200-day simple moving average is $23.86.

Hedge Funds Weigh In On TappAlpha SPY Growth & Daily Income ETF

A hedge fund recently bought a new stake in TappAlpha SPY Growth & Daily Income ETF stock. Cloud Capital Management LLC acquired a new position in shares of TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,286 shares of the company’s stock, valued at approximately $100,000. Cloud Capital Management LLC owned 0.40% of TappAlpha SPY Growth & Daily Income ETF at the end of the most recent quarter.

About TappAlpha SPY Growth & Daily Income ETF

The TappAlpha SPY Growth & Daily Income ETF (TSPY) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, aiming to provide a balanced approached to growth and income from US large-cap equities. The fund holds long exposure to the S&P 500 Index and writes daily out-of-the-money calls, using 0DTE options.