SPDR S&P Dividend ETF (NYSEARCA:SDY) Hits New 12-Month High – Should You Buy?

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

SPDR S&P Dividend ETF Trading Down 0.6%

The firm has a market cap of $22.12 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. The firm’s 50-day moving average is $152.31 and its 200-day moving average is $150.16.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SDY. Park National Corp OH bought a new position in SPDR S&P Dividend ETF in the 1st quarter valued at about $28,000. Ankerstar Wealth LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth approximately $34,000. MBM Wealth Consultants LLC bought a new position in shares of SPDR S&P Dividend ETF in the first quarter valued at approximately $34,000. Finally, Syntax Research Inc. bought a new position in shares of SPDR S&P Dividend ETF in the fourth quarter valued at approximately $35,000. 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.