SPDR S&P Dividend ETF (NYSEARCA:SDY) Hits New 52-Week High – Time to Buy?

SPDR S&P Dividend ETF (NYSEARCA:SDY)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $154.19 and last traded at $154.3010, with a volume of 94339 shares traded. The stock had previously closed at $153.00.

SPDR S&P Dividend ETF Price Performance

The stock has a market cap of $21.87 billion, a P/E ratio of 19.85 and a beta of 0.79. The company has a fifty day moving average of $143.65 and a 200 day moving average of $140.80.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. CVA Family Office LLC lifted its position 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 acquiring an additional 75 shares in the last quarter. Flagship Wealth Advisors LLC increased its holdings 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 valued at $28,000 after acquiring an additional 175 shares during the last quarter. Compass Financial Services Inc bought a new position in shares of SPDR S&P Dividend ETF in the third quarter valued at approximately $29,000. Delos Wealth Advisors LLC acquired a new position in SPDR S&P Dividend ETF during the 3rd quarter worth $29,000. Finally, Global Wealth Strategies & Associates lifted its position in shares of SPDR S&P Dividend ETF by 985.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock worth $30,000 after purchasing an additional 197 shares during the last quarter. Institutional investors own 43.42% of the company’s stock.

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.