ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) Sees Large Volume Increase – Still a Buy?

ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) saw strong trading volume on Wednesday . 161,039 shares traded hands during mid-day trading, an increase of 311% from the previous session’s volume of 39,160 shares.The stock last traded at $63.2330 and had previously closed at $62.40.

ALPS Sector Dividend Dogs ETF Stock Up 1.7%

The stock has a market capitalization of $1.31 billion, a PE ratio of 15.06 and a beta of 0.82. The firm’s fifty day moving average price is $60.37 and its two-hundred day moving average price is $59.64.

Institutional Investors Weigh In On ALPS Sector Dividend Dogs ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SDOG. BKM Wealth Management LLC boosted its stake in shares of ALPS Sector Dividend Dogs ETF by 2.7% during the 2nd quarter. BKM Wealth Management LLC now owns 10,627 shares of the company’s stock worth $611,000 after acquiring an additional 277 shares during the last quarter. Tower Research Capital LLC TRC increased its position in ALPS Sector Dividend Dogs ETF by 24.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,646 shares of the company’s stock worth $95,000 after buying an additional 326 shares in the last quarter. Creative Planning raised its stake in shares of ALPS Sector Dividend Dogs ETF by 5.6% in the third quarter. Creative Planning now owns 8,852 shares of the company’s stock worth $533,000 after buying an additional 467 shares during the period. Cypress Wealth Services LLC grew its stake in shares of ALPS Sector Dividend Dogs ETF by 2.8% during the 4th quarter. Cypress Wealth Services LLC now owns 18,607 shares of the company’s stock valued at $1,125,000 after acquiring an additional 513 shares during the period. Finally, Dynamic Advisor Solutions LLC increased its holdings in ALPS Sector Dividend Dogs ETF by 0.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 69,789 shares of the company’s stock worth $4,011,000 after acquiring an additional 585 shares in the last quarter.

About ALPS Sector Dividend Dogs ETF

The ALPS Sector Dividend Dogs ETF (SDOG) is an exchange-traded fund that is based on the S-Network Sector Dividend Dogs index. The fund tracks an equal-weighted index of the five highest-yielding S&P 500 securities in each sector. SDOG was launched on Jun 29, 2012 and is managed by ALPS.