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

Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) reached a new 52-week high during trading on Monday . The stock traded as high as $142.65 and last traded at $142.60, with a volume of 117350 shares traded. The stock had previously closed at $141.46.

SPDR S&P Dividend ETF Price Performance

The stock has a market cap of $22.70 billion, a P/E ratio of 19.72 and a beta of 0.68. The stock’s 50-day moving average is $138.87 and its two-hundred day moving average is $132.73.

Institutional Investors Weigh In On SPDR S&P Dividend ETF

Large investors have recently made changes to their positions in the company. WealthBridge Capital Management LLC raised its stake in SPDR S&P Dividend ETF by 1.8% during the third quarter. WealthBridge Capital Management LLC now owns 4,190 shares of the company’s stock valued at $595,000 after purchasing an additional 75 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in shares of SPDR S&P Dividend ETF by 0.8% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 9,465 shares of the company’s stock valued at $1,204,000 after buying an additional 77 shares in the last quarter. Vantage Financial Partners LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 2.3% in the 2nd quarter. Vantage Financial Partners LLC now owns 3,584 shares of the company’s stock valued at $456,000 after acquiring an additional 80 shares during the last quarter. WCG Wealth Advisors LLC grew its position in SPDR S&P Dividend ETF by 0.8% in the second quarter. WCG Wealth Advisors LLC now owns 10,357 shares of the company’s stock worth $1,317,000 after acquiring an additional 83 shares in the last quarter. Finally, Roger Wittlin Investment Advisory LLC increased its stake in SPDR S&P Dividend ETF by 0.7% during the second quarter. Roger Wittlin Investment Advisory LLC now owns 13,027 shares of the company’s stock worth $1,657,000 after acquiring an additional 87 shares during the last quarter.

About SPDR S&P Dividend ETF

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.