SPDR S&P Dividend ETF (NYSEARCA:SDY) Hits New 1-Year High – Here’s What Happened

SPDR S&P Dividend ETF (NYSEARCA:SDY) shares hit a new 52-week high on Tuesday . The stock traded as high as $156.12 and last traded at $154.9040, with a volume of 21959 shares. The stock had previously closed at $155.25.

SPDR S&P Dividend ETF Trading Down 0.4%

The company has a market capitalization of $21.93 billion, a PE ratio of 19.85 and a beta of 0.79. The firm has a 50 day simple moving average of $145.15 and a two-hundred day simple moving average of $141.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. CVA Family Office LLC lifted its holdings in SPDR S&P Dividend ETF by 60.0% in 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 period. Flagship Wealth Advisors LLC increased its stake in SPDR S&P Dividend ETF by 625.0% in the 3rd quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after purchasing an additional 175 shares in the last quarter. Compass Financial Services Inc acquired a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter worth $29,000. Delos Wealth Advisors LLC acquired a new position in SPDR S&P Dividend ETF during the third quarter worth about $29,000. Finally, Global Wealth Strategies & Associates lifted its stake in SPDR S&P Dividend ETF by 985.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock valued at $30,000 after buying an additional 197 shares in the last quarter. 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.