SPDR S&P Dividend ETF (NYSEARCA:SDY) Reaches New 52-Week High at $140.20

SPDR S&P Dividend ETF (NYSEARCA:SDY)’s stock price reached 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. The stock had previously closed at $138.99.

SPDR S&P Dividend ETF Trading Up 0.9 %

The firm has a market cap of $22.19 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The firm’s 50 day simple moving average is $134.78 and its two-hundred day simple moving average is $130.72.

Institutional Investors Weigh In On SPDR S&P Dividend ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Securities Inc. lifted its position in SPDR S&P Dividend ETF by 7.9% during the second quarter. Fifth Third Securities Inc. now owns 12,567 shares of the company’s stock worth $1,598,000 after purchasing an additional 922 shares during the period. UBS Group AG lifted its holdings in shares of SPDR S&P Dividend ETF by 3.5% during the 4th quarter. UBS Group AG now owns 1,993,538 shares of the company’s stock worth $249,132,000 after acquiring an additional 67,304 shares during the period. LRI Investments LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the 1st quarter worth approximately $492,000. TD Capital Management LLC increased its stake in 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 acquiring an additional 262 shares during the last quarter. Finally, GM Advisory Group LLC acquired a new position in SPDR S&P Dividend ETF during the fourth quarter valued at 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.