SPDR S&P Dividend ETF (NYSEARCA:SDY) Reaches New 12-Month High at $142.47

Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $142.47 and last traded at $142.32, with a volume of 46263 shares trading hands. The stock had previously closed at $141.08.

SPDR S&P Dividend ETF Stock Up 0.4 %

The company’s 50 day moving average price is $136.96 and its 200-day moving average price is $131.67. The stock has a market cap of $22.42 billion, a P/E ratio of 19.72 and a beta of 0.68.

Hedge Funds Weigh In On SPDR S&P Dividend ETF

Several large investors have recently modified their holdings of the business. Fifth Third Securities Inc. raised its stake 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 buying an additional 922 shares during the last quarter. LRI Investments LLC bought a new position in SPDR S&P Dividend ETF during the first quarter worth $492,000. GM Advisory Group LLC bought a new position in SPDR S&P Dividend ETF during the fourth quarter worth $255,000. Choreo LLC raised its stake in SPDR S&P Dividend ETF by 6.7% during the second quarter. Choreo LLC now owns 20,387 shares of the company’s stock worth $2,568,000 after buying an additional 1,276 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC bought a new position in SPDR S&P Dividend ETF during the fourth quarter worth $172,000.

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.