SPDR S&P Dividend ETF (NYSEARCA:SDY) Sees Strong Trading Volume – Still a Buy?

Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) saw unusually-strong trading volume on Wednesday . Approximately 280,663 shares traded hands during 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 Trading Up 0.3 %

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

SPDR S&P Dividend ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were issued a dividend of $0.8184 per share. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Trading of SPDR S&P Dividend ETF

Institutional investors have recently bought and sold shares of the business. N.E.W. Advisory Services LLC increased its position in SPDR S&P Dividend ETF by 1.1% during the 4th quarter. N.E.W. Advisory Services LLC now owns 6,916 shares of the company’s stock valued at $914,000 after purchasing an additional 76 shares during the period. Avidian Wealth Enterprises LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 4.9% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,617 shares of the company’s stock valued at $214,000 after purchasing an additional 76 shares in the last quarter. Good Life Advisors LLC lifted its stake in SPDR S&P Dividend ETF by 1.4% during the 4th quarter. Good Life Advisors LLC now owns 5,665 shares of the company’s stock valued at $748,000 after acquiring an additional 79 shares in the last quarter. Creekmur Asset Management LLC boosted its holdings in SPDR S&P Dividend ETF by 0.7% during the fourth quarter. Creekmur Asset Management LLC now owns 11,357 shares of the company’s stock worth $1,500,000 after purchasing an additional 80 shares during the last quarter. Finally, Rebalance LLC boosted its stake in shares of SPDR S&P Dividend ETF by 0.8% in the 4th quarter. Rebalance LLC now owns 10,955 shares of the company’s stock worth $1,447,000 after buying an additional 85 shares during the last quarter.

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.