SPDR S&P Dividend ETF (NYSEARCA:SDY) Hits New 12-Month High – Still a Buy?

SPDR S&P Dividend ETF (NYSEARCA:SDY)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $144.43 and last traded at $144.22, with a volume of 39299 shares trading hands. The stock had previously closed at $143.47.

SPDR S&P Dividend ETF Trading Up 0.3 %

The stock has a market capitalization of $22.76 billion, a PE ratio of 19.72 and a beta of 0.68. The stock’s fifty day simple moving average is $140.92 and its 200-day simple moving average is $135.40.

Institutional Trading of SPDR S&P Dividend ETF

A number of hedge funds have recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new stake in shares of SPDR S&P Dividend ETF during the 3rd quarter worth $31,000. JNBA Financial Advisors bought a new stake in SPDR S&P Dividend ETF in the third quarter worth about $32,000. Russell Investments Group Ltd. grew its position in shares of SPDR S&P Dividend ETF by 101.6% during the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock valued at $33,000 after acquiring an additional 127 shares during the period. Assetmark Inc. raised its stake in shares of SPDR S&P Dividend ETF by 192.0% in the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after buying an additional 167 shares during the period. Finally, Strategic Investment Solutions Inc. IL increased its position in shares of SPDR S&P Dividend ETF by 113.8% during the third quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after buying an additional 140 shares during the period.

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.