SPDR S&P Dividend ETF (NYSEARCA:SDY) Reaches New 52-Week High – Should You Buy?

SPDR S&P Dividend ETF (NYSEARCA:SDY) hit a new 52-week high during trading on Wednesday . The stock traded as high as $151.04 and last traded at $150.46, with a volume of 221993 shares trading hands. The stock had previously closed at $149.21.

SPDR S&P Dividend ETF Stock Up 0.9%

The stock has a market capitalization of $21.75 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. The firm has a fifty day moving average of $143.14 and a 200-day moving average of $140.59.

Institutional Trading of SPDR S&P Dividend ETF

Large investors have recently modified their holdings of the business. Insight Inv LLC acquired a new position in shares of SPDR S&P Dividend ETF during the 2nd quarter worth approximately $27,000. CVA Family Office LLC boosted its stake in shares of SPDR S&P Dividend ETF by 60.0% during the third quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after acquiring an additional 75 shares during the last quarter. Flagship Wealth Advisors LLC increased its position in SPDR S&P Dividend ETF by 625.0% during the 3rd quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after purchasing an additional 175 shares in the last quarter. Compass Financial Services Inc acquired a new position in SPDR S&P Dividend ETF in the 3rd quarter valued at about $29,000. Finally, Delos Wealth Advisors LLC purchased a new position in SPDR S&P Dividend ETF in the 3rd quarter valued at about $29,000. 43.42% of the stock is currently owned by institutional investors and hedge funds.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.