ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) Sees Unusually-High Trading Volume – Still a Buy?

Shares of ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) saw unusually-high trading volume on Tuesday . Approximately 115,909 shares were traded during mid-day trading, an increase of 172% from the previous session’s volume of 42,619 shares.The stock last traded at $68.20 and had previously closed at $67.87.

ALPS Sector Dividend Dogs ETF Stock Performance

The business has a 50 day moving average price of $67.14 and a 200-day moving average price of $65.02. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 15.06 and a beta of 0.70.

Hedge Funds Weigh In On ALPS Sector Dividend Dogs ETF

Several institutional investors have recently added to or reduced their stakes in the business. Del Sette Capital Management LLC boosted its holdings in shares of ALPS Sector Dividend Dogs ETF by 401.3% during the 1st quarter. Del Sette Capital Management LLC now owns 281,064 shares of the company’s stock worth $18,279,000 after buying an additional 224,994 shares in the last quarter. Bank of America Corp DE increased its stake in shares of ALPS Sector Dividend Dogs ETF by 5.1% in the 2nd quarter. Bank of America Corp DE now owns 1,511,488 shares of the company’s stock valued at $86,878,000 after acquiring an additional 73,524 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of ALPS Sector Dividend Dogs ETF by 89.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 139,664 shares of the company’s stock valued at $8,445,000 after acquiring an additional 66,078 shares during the period. IFP Advisors Inc lifted its position in shares of ALPS Sector Dividend Dogs ETF by 461.4% during the 4th quarter. IFP Advisors Inc now owns 62,745 shares of the company’s stock valued at $3,794,000 after acquiring an additional 51,568 shares during the period. Finally, Paller Financial Services Inc bought a new position in ALPS Sector Dividend Dogs ETF during the fourth quarter worth $2,649,000.

About ALPS Sector Dividend Dogs ETF

The ALPS Sector Dividend Dogs ETF (SDOG) is an exchange-traded fund that is based on the S-Network Sector Dividend Dogs index. The fund tracks an equal-weighted index of the five highest-yielding S&P 500 securities in each sector. SDOG was launched on Jun 29, 2012 and is managed by ALPS.