SPDR S&P Dividend ETF (NYSEARCA:SDY – Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $144.43 and last traded at $144.22, with a volume of 39299 shares trading hands. The stock had previously closed at $143.47.
SPDR S&P Dividend ETF Stock Performance
The stock’s fifty day moving average is $141.04 and its two-hundred day moving average is $135.52. The firm has a market capitalization of $22.74 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.
Institutional Investors Weigh In On SPDR S&P Dividend ETF
Large investors have recently added to or reduced their stakes in the company. Fifth Third Securities Inc. grew its holdings in SPDR S&P Dividend ETF by 7.9% during the 2nd quarter. Fifth Third Securities Inc. now owns 12,567 shares of the company’s stock valued at $1,598,000 after purchasing an additional 922 shares in the last quarter. Choreo LLC boosted its stake in SPDR S&P Dividend ETF by 6.7% during the 2nd quarter. Choreo LLC now owns 20,387 shares of the company’s stock valued at $2,568,000 after acquiring an additional 1,276 shares during the last quarter. Bristlecone Advisors LLC bought a new position in SPDR S&P Dividend ETF during the 2nd quarter valued at $199,000. Forbes Financial Planning Inc. boosted its stake in SPDR S&P Dividend ETF by 1.5% during the 2nd quarter. Forbes Financial Planning Inc. now owns 38,019 shares of the company’s stock valued at $4,835,000 after acquiring an additional 568 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in SPDR S&P Dividend ETF during the 2nd quarter valued at $34,000.
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.
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