SPDR S&P Dividend ETF (NYSEARCA:SDY) Hits New 52-Week High at $142.47

SPDR S&P Dividend ETF (NYSEARCA:SDY)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $142.47 and last traded at $142.32, with a volume of 46263 shares traded. The stock had previously closed at $141.08.

SPDR S&P Dividend ETF Price Performance

The stock has a market cap of $22.48 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The business’s 50 day moving average is $136.75 and its 200 day moving average is $131.58.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SDY. Fifth Third Securities Inc. lifted its stake in SPDR S&P Dividend ETF by 7.9% during the second quarter. Fifth Third Securities Inc. now owns 12,567 shares of the company’s stock worth $1,598,000 after purchasing an additional 922 shares during the last quarter. LRI Investments LLC acquired a new position in shares of SPDR S&P Dividend ETF in the 1st quarter valued at $492,000. GM Advisory Group LLC purchased a new position in shares of SPDR S&P Dividend ETF in the 4th quarter valued at $255,000. Roundview Capital LLC acquired a new stake in SPDR S&P Dividend ETF during the 4th quarter worth $215,000. Finally, Choreo LLC lifted its position in SPDR S&P Dividend ETF by 6.7% in the second quarter. Choreo LLC now owns 20,387 shares of the company’s stock valued at $2,568,000 after acquiring an additional 1,276 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.