SPDR S&P Dividend ETF (NYSEARCA:SDY) Sees Large Volume Increase – Here’s Why

Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) saw unusually-strong trading volume on Wednesday . Approximately 280,663 shares were traded during mid-day trading, an increase of 12% from the previous session’s volume of 251,455 shares.The stock last traded at $134.84 and had previously closed at $133.68.

SPDR S&P Dividend ETF Stock Performance

The firm’s 50-day simple moving average is $135.16 and its 200-day simple moving average is $137.45. The company has a market capitalization of $20.11 billion, a price-to-earnings ratio of 20.91 and a beta of 0.87.

SPDR S&P Dividend ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were given a $0.8184 dividend. The ex-dividend date was Monday, March 24th.

Institutional Trading of SPDR S&P Dividend ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. raised its stake in shares of SPDR S&P Dividend ETF by 16.0% in the third quarter. Citigroup Inc. now owns 25,758 shares of the company’s stock valued at $3,659,000 after acquiring an additional 3,551 shares during the last quarter. Bank of Montreal Can boosted its holdings in SPDR S&P Dividend ETF by 0.5% in the third quarter. Bank of Montreal Can now owns 217,946 shares of the company’s stock valued at $30,881,000 after acquiring an additional 1,018 shares during the last quarter. D.A. Davidson & CO. increased its position in SPDR S&P Dividend ETF by 7.6% in the third quarter. D.A. Davidson & CO. now owns 21,005 shares of the company’s stock worth $2,984,000 after purchasing an additional 1,486 shares during the period. CreativeOne Wealth LLC grew its holdings in SPDR S&P Dividend ETF by 25.1% during the 3rd quarter. CreativeOne Wealth LLC now owns 7,084 shares of the company’s stock worth $1,006,000 after acquiring an additional 1,423 shares during the period. Finally, Noesis Capital Mangement Corp increased its stake in shares of SPDR S&P Dividend ETF by 51.5% in the 3rd quarter. Noesis Capital Mangement Corp now owns 7,624 shares of the company’s stock valued at $1,083,000 after acquiring an additional 2,590 shares during the last quarter.

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.