SPDR S&P Dividend ETF (NYSEARCA:SDY) Sees Large Volume Increase – Here’s What Happened
by Amy Steele · The Cerbat GemShares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Get Free Report) saw strong trading volume on Monday . 685,125 shares traded hands during trading, an increase of 60% from the previous session’s volume of 427,789 shares.The stock last traded at $143.9320 and had previously closed at $143.57.
SPDR S&P Dividend ETF Stock Up 0.2%
The stock has a 50 day moving average of $139.44 and a 200 day moving average of $139.36. The firm has a market cap of $20.51 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Park Avenue Securities LLC boosted its holdings in SPDR S&P Dividend ETF by 15.7% in the second quarter. Park Avenue Securities LLC now owns 11,458 shares of the company’s stock worth $1,555,000 after acquiring an additional 1,551 shares in the last quarter. Novem Group increased its holdings in shares of SPDR S&P Dividend ETF by 0.3% during the second quarter. Novem Group now owns 29,191 shares of the company’s stock valued at $3,962,000 after acquiring an additional 100 shares in the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of SPDR S&P Dividend ETF during the second quarter worth approximately $494,000. Johnson Investment Counsel Inc. lifted its holdings in shares of SPDR S&P Dividend ETF by 2.3% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 29,255 shares of the company’s stock worth $3,971,000 after purchasing an additional 665 shares in the last quarter. Finally, Signal Advisors Wealth LLC acquired a new stake in SPDR S&P Dividend ETF in the 3rd quarter valued at $539,000. 43.42% of the stock is owned by institutional investors.
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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.