SPDR S&P Dividend ETF (NYSEARCA:SDY) Hits New 1-Year High at $108.13

SPDR S&P Dividend ETF (NYSEARCA:SDY) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $108.13 and last traded at $108.13, with a volume of 5026 shares traded. The stock had previously closed at $107.46.

The company has a fifty day simple moving average of $106.97 and a 200 day simple moving average of $103.21.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.792 per share. The ex-dividend date was Friday, December 20th. This is an increase from SPDR S&P Dividend ETF’s previous quarterly dividend of $0.53. This represents a $3.17 annualized dividend and a yield of 2.93%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its stake in shares of SPDR S&P Dividend ETF by 3.1% in the 2nd quarter. Bank of America Corp DE now owns 7,203,608 shares of the company’s stock valued at $726,699,000 after purchasing an additional 217,671 shares during the period. Morgan Stanley lifted its stake in shares of SPDR S&P Dividend ETF by 7.2% in the 2nd quarter. Morgan Stanley now owns 5,090,928 shares of the company’s stock valued at $513,572,000 after purchasing an additional 341,743 shares during the period. Joel Isaacson & Co. LLC lifted its stake in shares of SPDR S&P Dividend ETF by 0.8% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 1,873,247 shares of the company’s stock valued at $192,195,000 after purchasing an additional 15,218 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of SPDR S&P Dividend ETF by 1.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,647,672 shares of the company’s stock valued at $169,051,000 after purchasing an additional 17,122 shares during the period. Finally, Johanson Financial Advisors Inc. lifted its stake in shares of SPDR S&P Dividend ETF by 10,934.1% in the 4th quarter. Johanson Financial Advisors Inc. now owns 1,616,830 shares of the company’s stock valued at $15,029,000 after purchasing an additional 1,602,177 shares during the period.

SPDR S&P Dividend ETF Company Profile (NYSEARCA:SDY)

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.

Further Reading: Guidelines for Successful Channel Trading

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