SPDR S&P Dividend ETF (NYSEARCA:SDY – Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $142.65 and last traded at $142.60, with a volume of 117350 shares traded. The stock had previously closed at $141.46.
SPDR S&P Dividend ETF Stock Performance
The stock has a market capitalization of $22.70 billion, a P/E ratio of 19.72 and a beta of 0.68. The firm has a 50-day moving average price of $138.87 and a 200 day moving average price of $132.73.
Institutional Investors Weigh In On SPDR S&P Dividend ETF
Institutional investors have recently bought and sold shares of the stock. Riggs Asset Managment Co. Inc. increased its position in shares of SPDR S&P Dividend ETF by 76.8% in the first quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock valued at $29,000 after acquiring an additional 96 shares during the period. Scarborough Advisors LLC purchased a new position in SPDR S&P Dividend ETF during the 4th quarter valued at about $30,000. Farmers & Merchants Investments Inc. purchased a new position in SPDR S&P Dividend ETF during the 1st quarter valued at about $33,000. Russell Investments Group Ltd. raised its position in SPDR S&P Dividend ETF by 101.6% during the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock valued at $33,000 after purchasing an additional 127 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in SPDR S&P Dividend ETF in the 2nd quarter worth approximately $34,000.
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.
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