SPDR S&P Dividend ETF (NYSEARCA:SDY) Sees Strong Trading Volume

SPDR S&P Dividend ETF (NYSEARCA:SDY) shares saw unusually-high trading volume on Monday . Approximately 18,546 shares traded hands during mid-day trading, a decline of 96% from the previous session’s volume of 471,046 shares.The stock last traded at $120.18 and had previously closed at $119.05.

The business’s 50-day moving average is $122.76 and its two-hundred day moving average is $122.57.

Several large investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans raised its position in shares of SPDR S&P Dividend ETF by 2.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 72,922 shares of the company’s stock valued at $8,917,000 after acquiring an additional 1,733 shares during the period. Activest Wealth Management acquired a new stake in SPDR S&P Dividend ETF during the 2nd quarter worth approximately $33,000. Bank of America Corp DE raised its holdings in SPDR S&P Dividend ETF by 0.5% during the 2nd quarter. Bank of America Corp DE now owns 5,861,111 shares of the company’s stock worth $716,697,000 after buying an additional 26,958 shares during the period. Sunflower Bank N.A. acquired a new stake in SPDR S&P Dividend ETF during the 2nd quarter worth approximately $818,000. Finally, Newbridge Financial Services Group Inc. raised its holdings in SPDR S&P Dividend ETF by 53.9% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 454 shares of the company’s stock worth $55,000 after buying an additional 159 shares during the period.

About SPDR S&P Dividend ETF (NYSEARCA:SDY)

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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