SPDR S&P Dividend ETF (NYSEARCA:SDY) Sets New 52-Week High – Still a Buy?

Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) reached a new 52-week high on Tuesday . The stock traded as high as $159.41 and last traded at $159.38, with a volume of 59988 shares. The stock had previously closed at $156.62.

SPDR S&P Dividend ETF Trading Up 2.2%

The stock has a market cap of $22.46 billion, a P/E ratio of 19.85 and a beta of 0.69. The stock’s 50-day moving average is $151.90 and its 200-day moving average is $149.93.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Park National Corp OH bought a new stake in SPDR S&P Dividend ETF during the first quarter worth approximately $28,000. Ankerstar Wealth LLC bought a new position in SPDR S&P Dividend ETF during the 4th quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at $34,000. MBM Wealth Consultants LLC acquired a new position in shares of SPDR S&P Dividend ETF during the 1st quarter valued at $34,000. Finally, Syntax Research Inc. bought a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter worth $35,000. 43.42% of the stock is currently owned by institutional investors.

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.