SPDR S&P Dividend ETF (NYSEARCA:SDY) Sees Unusually-High Trading Volume

SPDR S&P Dividend ETF (NYSEARCA:SDY) shares saw an uptick in trading volume on Monday . 18,546 shares changed hands during mid-day trading, a decline of 96% from the previous session’s volume of 471,046 shares.The stock last traded at $120.18 and had previously closed at $119.05.

The stock has a 50 day moving average of $122.76 and a 200 day moving average of $122.57.

A number of hedge funds and other institutional investors have recently modified their holdings of SDY. Assetmark Inc. raised its stake in SPDR S&P Dividend ETF by 629,359.3% during the second quarter. Assetmark Inc. now owns 679,816 shares of the company’s stock worth $83,128,000 after acquiring an additional 679,708 shares in the last quarter. Brinker Capital Investments LLC raised its stake in SPDR S&P Dividend ETF by 569.9% during the first quarter. Brinker Capital Investments LLC now owns 367,141 shares of the company’s stock worth $43,334,000 after acquiring an additional 312,335 shares in the last quarter. Bank of Montreal Can raised its stake in SPDR S&P Dividend ETF by 490.9% during the second quarter. Bank of Montreal Can now owns 213,516 shares of the company’s stock worth $26,264,000 after acquiring an additional 177,384 shares in the last quarter. Morgan Stanley grew its holdings in shares of SPDR S&P Dividend ETF by 2.7% during the second quarter. Morgan Stanley now owns 4,992,932 shares of the company’s stock worth $610,536,000 after purchasing an additional 131,844 shares during the last quarter. Finally, Liberty Wealth Management LLC grew its holdings in shares of SPDR S&P Dividend ETF by 12,277.2% during the second quarter. Liberty Wealth Management LLC now owns 118,945 shares of the company’s stock worth $973,000 after purchasing an additional 117,984 shares during the last quarter.

SPDR S&P Dividend ETF Company Profile (NYSEARCA:SDY)

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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