SPDR S&P Dividend ETF (NYSEARCA:SDY) Hits New 12-Month High – What’s Next?

SPDR S&P Dividend ETF (NYSEARCA:SDY) shares reached a new 52-week high on Tuesday . The stock traded as high as $156.77 and last traded at $156.41, with a volume of 22577 shares traded. The stock had previously closed at $154.97.

SPDR S&P Dividend ETF Stock Up 1.1%

The firm’s 50-day moving average price is $149.89 and its 200-day moving average price is $148.35. The company has a market cap of $22.01 billion, a P/E ratio of 19.85 and a beta of 0.69.

Institutional Investors Weigh In On SPDR S&P Dividend ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SDY. UBS Group AG lifted its position in shares of SPDR S&P Dividend ETF by 10.5% during the third quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock worth $242,663,000 after acquiring an additional 165,053 shares in the last quarter. Orion Porfolio Solutions LLC lifted its holdings in SPDR S&P Dividend ETF by 70.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 349,460 shares of the company’s stock worth $47,432,000 after purchasing an additional 143,853 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in SPDR S&P Dividend ETF by 126.6% during the 3rd quarter. Coldstream Capital Management Inc. now owns 223,525 shares of the company’s stock worth $31,305,000 after purchasing an additional 124,864 shares in the last quarter. Joel Isaacson & Co. LLC boosted its stake in SPDR S&P Dividend ETF by 4.6% in the 4th quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock worth $388,038,000 after purchasing an additional 121,368 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in SPDR S&P Dividend ETF by 4.0% in the 2nd quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after purchasing an additional 119,562 shares during the period. Institutional investors own 43.42% of the company’s stock.

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.