SPDR S&P Dividend ETF (NYSEARCA:SDY) Reaches New 12-Month High – Should You Buy?

SPDR S&P Dividend ETF (NYSEARCA:SDY)’s share price reached a new 52-week high on Thursday . The stock traded as high as $146.23 and last traded at $146.22, with a volume of 328553 shares trading hands. The stock had previously closed at $144.43.

SPDR S&P Dividend ETF Trading Down 0.1%

The business’s 50-day simple moving average is $140.35 and its 200-day simple moving average is $139.65. The company has a market cap of $20.85 billion, a PE ratio of 19.85 and a beta of 0.79.

Institutional Trading of SPDR S&P Dividend ETF

Institutional investors have recently bought and sold shares of the company. Insight Inv LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the 2nd quarter worth about $27,000. CVA Family Office LLC increased its holdings in SPDR S&P Dividend ETF by 60.0% in the third quarter. CVA Family Office LLC now owns 200 shares of the company’s stock worth $28,000 after buying an additional 75 shares during the last quarter. Flagship Wealth Advisors LLC increased its holdings in SPDR S&P Dividend ETF by 625.0% in the third quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after buying an additional 175 shares during the last quarter. Compass Financial Services Inc bought a new position in SPDR S&P Dividend ETF during the third quarter valued at approximately $29,000. Finally, Delos Wealth Advisors LLC acquired a new stake in SPDR S&P Dividend ETF in the third quarter valued at approximately $29,000. Institutional investors and hedge funds 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.