TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) to Issue Monthly Dividend of $0.30

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) announced a monthly dividend on Monday, October 5th. Stockholders of record on Tuesday, October 6th will be paid a dividend of $0.2968 per share on Wednesday, October 7th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date is Tuesday, October 6th. This is a 0.5% increase from TappAlpha SPY Growth & Daily Income ETF’s previous monthly dividend of $0.2954.

TappAlpha SPY Growth & Daily Income ETF Stock Performance

TappAlpha SPY Growth & Daily Income ETF stock traded down $0.18 during midday trading on Tuesday, reaching $25.61. 427,017 shares of the stock were exchanged, compared to its average volume of 268,382. TappAlpha SPY Growth & Daily Income ETF has a 52 week low of $22.67 and a 52 week high of $26.67. The company’s fifty day moving average is $25.50 and its 200-day moving average is $25.18.

Institutional Investors Weigh In On TappAlpha SPY Growth & Daily Income ETF

An institutional investor recently bought a new stake in TappAlpha SPY Growth & Daily Income ETF stock. Compass Financial Management LLC bought a new position in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,000 shares of the company’s stock, valued at approximately $142,000.

TappAlpha SPY Growth & Daily Income ETF Company Profile

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. TSPY was launched on Aug 14, 2024 and is issued by TappAlpha.