SPDR S&P Dividend ETF (NYSEARCA:SDY) Sets New 12-Month High at $140.20

SPDR S&P Dividend ETF (NYSEARCA:SDY)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $140.20 and last traded at $140.20, with a volume of 47636 shares changing hands. The stock had previously closed at $138.99.

SPDR S&P Dividend ETF Stock Performance

The business’s 50 day moving average price is $134.78 and its 200-day moving average price is $130.72. The company has a market cap of $22.19 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Great Valley Advisor Group Inc. raised its position in SPDR S&P Dividend ETF by 0.8% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 9,465 shares of the company’s stock valued at $1,204,000 after purchasing an additional 77 shares during the last quarter. Vantage Financial Partners LLC raised its holdings in shares of SPDR S&P Dividend ETF by 2.3% in the second quarter. Vantage Financial Partners LLC now owns 3,584 shares of the company’s stock valued at $456,000 after buying an additional 80 shares during the last quarter. WCG Wealth Advisors LLC raised its holdings in shares of SPDR S&P Dividend ETF by 0.8% in the second quarter. WCG Wealth Advisors LLC now owns 10,357 shares of the company’s stock valued at $1,317,000 after buying an additional 83 shares during the last quarter. Roger Wittlin Investment Advisory LLC lifted its position in SPDR S&P Dividend ETF by 0.7% during the 2nd quarter. Roger Wittlin Investment Advisory LLC now owns 13,027 shares of the company’s stock worth $1,657,000 after buying an additional 87 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its holdings in SPDR S&P Dividend ETF by 1.6% during the 2nd quarter. Coldstream Capital Management Inc. now owns 5,863 shares of the company’s stock worth $746,000 after acquiring an additional 90 shares during the last quarter.

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.