SPDR S&P Dividend ETF (NYSEARCA:SDY – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $159.41 and last traded at $159.38, with a volume of 59988 shares changing hands. The stock had previously closed at $156.62.
SPDR S&P Dividend ETF Stock Up 2.2%
The firm has a market capitalization of $22.46 billion, a PE ratio of 19.85 and a beta of 0.69. The firm’s 50-day moving average price is $151.90 and its two-hundred day moving average price is $149.93.
Institutional Trading of SPDR S&P Dividend ETF
A number of institutional investors have recently added to or reduced their stakes in the business. Godsey & Gibb Inc. lifted its position in shares of SPDR S&P Dividend ETF by 4.0% in the first quarter. Godsey & Gibb Inc. now owns 1,838 shares of the company’s stock worth $268,000 after buying an additional 70 shares during the last quarter. Ritholtz Wealth Management increased its stake in SPDR S&P Dividend ETF by 1.3% during the first quarter. Ritholtz Wealth Management now owns 5,534 shares of the company’s stock valued at $808,000 after acquiring an additional 71 shares during the period. Golden State Wealth Management LLC raised its stake in shares of SPDR S&P Dividend ETF by 0.8% in the fourth quarter. Golden State Wealth Management LLC now owns 8,619 shares of the company’s stock valued at $1,199,000 after purchasing an additional 71 shares in the last quarter. Bangor Savings Bank raised its stake in shares of SPDR S&P Dividend ETF by 5.6% in the 2nd quarter. Bangor Savings Bank now owns 1,481 shares of the company’s stock valued at $225,000 after buying an additional 79 shares in the last quarter. Finally, Trust Co. of Vermont raised its position in SPDR S&P Dividend ETF by 0.7% in the fourth quarter. Trust Co. of Vermont now owns 10,830 shares of the company’s stock worth $1,507,000 after purchasing an additional 80 shares in the last quarter. 43.42% of the stock is currently owned by institutional investors and hedge funds.
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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.
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