SPDR S&P Dividend ETF (NYSEARCA:SDY) Sets New 12-Month High – What’s Next?

SPDR S&P Dividend ETF (NYSEARCA:SDY)’s share price reached a new 52-week high on Wednesday . The company traded as high as $147.27 and last traded at $147.0840, with a volume of 276916 shares traded. The stock had previously closed at $145.32.

SPDR S&P Dividend ETF Stock Performance

The stock has a market capitalization of $20.88 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. The company has a 50 day moving average of $140.67 and a 200 day moving average of $139.77.

Institutional Trading of SPDR S&P Dividend ETF

A number of large investors have recently made changes to their positions in the company. Insight Inv LLC acquired a new position in SPDR S&P Dividend ETF during the 2nd quarter worth approximately $27,000. CVA Family Office LLC raised its holdings in shares of SPDR S&P Dividend ETF by 60.0% in the 3rd quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after purchasing an additional 75 shares in the last quarter. Flagship Wealth Advisors LLC lifted its position in shares of SPDR S&P Dividend ETF by 625.0% during the 3rd quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after purchasing an additional 175 shares during the last quarter. Compass Financial Services Inc acquired a new position in shares of SPDR S&P Dividend ETF during the third quarter worth $29,000. Finally, Delos Wealth Advisors LLC acquired a new position in shares of SPDR S&P Dividend ETF during the third quarter worth $29,000. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

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.