ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) Reaches New 1-Year High – Should You Buy?

ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $63.58 and last traded at $63.6250, with a volume of 4149 shares changing hands. The stock had previously closed at $63.10.

ALPS Sector Dividend Dogs ETF Trading Up 0.8%

The firm’s 50-day moving average is $60.84 and its 200 day moving average is $59.81. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 15.06 and a beta of 0.82.

Hedge Funds Weigh In On ALPS Sector Dividend Dogs ETF

A number of hedge funds have recently modified their holdings of SDOG. Bank of America Corp DE increased its holdings in ALPS Sector Dividend Dogs ETF by 5.1% in the second quarter. Bank of America Corp DE now owns 1,511,488 shares of the company’s stock valued at $86,878,000 after purchasing an additional 73,524 shares during the period. Raymond James Financial Inc. grew its position in shares of ALPS Sector Dividend Dogs ETF by 3.3% in the 2nd quarter. Raymond James Financial Inc. now owns 302,057 shares of the company’s stock valued at $17,362,000 after buying an additional 9,536 shares during the last quarter. Royal Bank of Canada increased its stake in shares of ALPS Sector Dividend Dogs ETF by 0.5% in the first quarter. Royal Bank of Canada now owns 153,654 shares of the company’s stock valued at $8,927,000 after buying an additional 749 shares during the period. Capital Investment Counsel LLC increased its stake in shares of ALPS Sector Dividend Dogs ETF by 4.4% in the third quarter. Capital Investment Counsel LLC now owns 86,219 shares of the company’s stock valued at $5,193,000 after buying an additional 3,613 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of ALPS Sector Dividend Dogs ETF by 6.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 77,198 shares of the company’s stock worth $4,782,000 after acquiring an additional 4,806 shares during the last quarter.

ALPS Sector Dividend Dogs ETF Company Profile

The ALPS Sector Dividend Dogs ETF (SDOG) is an exchange-traded fund that is based on the S-Network Sector Dividend Dogs index. The fund tracks an equal-weighted index of the five highest-yielding S&P 500 securities in each sector. SDOG was launched on Jun 29, 2012 and is managed by ALPS.