ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) Reaches New 1-Year High – Here’s Why

ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $69.44 and last traded at $69.43, with a volume of 16818 shares traded. The stock had previously closed at $68.29.

ALPS Sector Dividend Dogs ETF Price Performance

The firm has a market cap of $1.42 billion, a P/E ratio of 15.06 and a beta of 0.70. The company has a fifty day moving average of $66.76 and a 200-day moving average of $64.63.

Institutional Investors Weigh In On ALPS Sector Dividend Dogs ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SDOG. Royal Bank of Canada grew its stake in 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 worth $8,927,000 after purchasing an additional 749 shares during the period. NewEdge Advisors LLC grew its stake in ALPS Sector Dividend Dogs ETF by 13.4% in the first quarter. NewEdge Advisors LLC now owns 5,104 shares of the company’s stock worth $297,000 after purchasing an additional 605 shares during the period. Goldman Sachs Group Inc. grew its stake in ALPS Sector Dividend Dogs ETF by 102.3% in the first quarter. Goldman Sachs Group Inc. now owns 56,923 shares of the company’s stock worth $3,307,000 after purchasing an additional 28,785 shares during the period. Raymond James Financial Inc. grew its stake in ALPS Sector Dividend Dogs ETF by 3.3% in the second quarter. Raymond James Financial Inc. now owns 302,057 shares of the company’s stock worth $17,362,000 after purchasing an additional 9,536 shares during the period. Finally, Bank of America Corp DE grew its stake 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 worth $86,878,000 after purchasing an additional 73,524 shares during the period.

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.