SPDR S&P Dividend ETF (NYSEARCA:SDY) Reaches New 52-Week High – What’s Next?

SPDR S&P Dividend ETF (NYSEARCA:SDY) shares hit a new 52-week high during trading on Thursday. The stock traded as high as $166.27 and last traded at $166.3210, with a volume of 16,203 shares. The stock had previously closed at $165.03.

SPDR S&P Dividend ETF Stock Performance

The firm has a market capitalization of $24.28 billion, a P/E ratio of 19.85 and a beta of 0.67. The stock has a fifty day moving average price of $153.70 and a two-hundred day moving average price of $151.86.

Institutional Trading of SPDR S&P Dividend ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its position in shares of SPDR S&P Dividend ETF by 0.5% during the 1st quarter. Bank of America Corp DE now owns 7,319,410 shares of the company’s stock valued at $1,068,195,000 after buying an additional 36,785 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in SPDR S&P Dividend ETF by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,111,642 shares of the company’s stock valued at $169,170,000 after acquiring an additional 8,231 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of SPDR S&P Dividend ETF by 0.9% during the second quarter. Janney Montgomery Scott LLC now owns 577,947 shares of the company’s stock valued at $87,952,000 after purchasing an additional 5,348 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of SPDR S&P Dividend ETF by 0.4% during the second quarter. HighTower Advisors LLC now owns 481,025 shares of the company’s stock valued at $73,202,000 after purchasing an additional 1,899 shares during the last quarter. Finally, J.Safra Asset Management Corp grew its holdings in shares of SPDR S&P Dividend ETF by 2.6% during the second quarter. J.Safra Asset Management Corp now owns 378,030 shares of the company’s stock valued at $57,529,000 after purchasing an additional 9,529 shares during the last quarter. 43.42% of the stock is 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.