SPDR S&P Dividend ETF (NYSEARCA:SDY) Hits New 1-Year High at $134.47

SPDR S&P Dividend ETF (NYSEARCA:SDY)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $134.47 and last traded at $134.37, with a volume of 129703 shares trading hands. The stock had previously closed at $133.94.

SPDR S&P Dividend ETF Trading Up 0.6 %

The company has a market capitalization of $21.31 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The company’s 50 day simple moving average is $129.30 and its 200-day simple moving average is $127.74.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SDY. Frazier Financial Advisors LLC purchased a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $27,000. Friedenthal Financial acquired a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter worth $29,000. Riggs Asset Managment Co. Inc. raised its position in shares of SPDR S&P Dividend ETF by 76.8% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock worth $29,000 after buying an additional 96 shares during the period. Scarborough Advisors LLC acquired a new position in SPDR S&P Dividend ETF in the fourth quarter valued at $30,000. Finally, Farmers & Merchants Investments Inc. acquired a new position in SPDR S&P Dividend ETF in the first quarter valued at $33,000.

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.