Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as $140.20 and last traded at $140.20, with a volume of 47636 shares traded. The stock had previously closed at $138.99.
SPDR S&P Dividend ETF Trading Up 0.8 %
The stock has a market cap of $22.17 billion, a P/E ratio of 19.72 and a beta of 0.68. The company’s fifty day simple moving average is $134.50 and its 200-day simple moving average is $130.57.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Securities Inc. raised its holdings in shares of SPDR S&P Dividend ETF by 7.9% in the second quarter. Fifth Third Securities Inc. now owns 12,567 shares of the company’s stock valued at $1,598,000 after buying an additional 922 shares during the last quarter. UBS Group AG lifted its position in shares of SPDR S&P Dividend ETF by 3.5% during the fourth quarter. UBS Group AG now owns 1,993,538 shares of the company’s stock worth $249,132,000 after purchasing an additional 67,304 shares in the last quarter. LRI Investments LLC bought a new stake in shares of SPDR S&P Dividend ETF during the first quarter valued at approximately $492,000. TD Capital Management LLC increased its holdings in shares of SPDR S&P Dividend ETF by 50.6% in the fourth quarter. TD Capital Management LLC now owns 780 shares of the company’s stock valued at $97,000 after purchasing an additional 262 shares in the last quarter. Finally, GM Advisory Group LLC bought a new position in SPDR S&P Dividend ETF in the 4th quarter worth approximately $255,000.
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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