SPDR S&P Dividend ETF (NYSEARCA:SDY) Reaches New 12-Month High – Here’s Why

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

SPDR S&P Dividend ETF Trading Down 1.3%

The firm has a market capitalization of $21.59 billion, a PE ratio of 19.85 and a beta of 0.69. The business’s 50 day simple moving average is $150.26 and its 200 day simple moving average is $148.64.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Brighton Jones LLC lifted its stake in shares of SPDR S&P Dividend ETF by 404.5% in the 4th quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock valued at $2,443,000 after purchasing an additional 14,829 shares during the last quarter. AQR Capital Management LLC increased its position in shares of SPDR S&P Dividend ETF by 49.5% during the 1st quarter. AQR Capital Management LLC now owns 7,936 shares of the company’s stock valued at $1,077,000 after purchasing an additional 2,627 shares during the last quarter. First Trust Advisors LP raised its holdings in SPDR S&P Dividend ETF by 30.4% during the 2nd quarter. First Trust Advisors LP now owns 32,141 shares of the company’s stock valued at $4,362,000 after buying an additional 7,493 shares during the period. NewEdge Advisors LLC raised its holdings in SPDR S&P Dividend ETF by 3.5% during the 2nd quarter. NewEdge Advisors LLC now owns 65,223 shares of the company’s stock valued at $8,853,000 after buying an additional 2,192 shares during the period. Finally, Raymond James Financial Inc. lifted its position in SPDR S&P Dividend ETF by 4.0% in the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after buying an additional 119,562 shares during the last quarter. 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.