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

SPDR S&P Dividend ETF (NYSEARCA:SDY) saw unusually-strong trading volume on Friday . Approximately 1,251,010 shares were traded during trading, an increase of 257% from the previous session’s volume of 350,282 shares.The stock last traded at $129.13 and had previously closed at $130.84.

SPDR S&P Dividend ETF Price Performance

The firm has a market cap of $20.40 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The stock has a 50-day moving average price of $137.77 and a 200 day moving average price of $136.77.

Institutional Trading of SPDR S&P Dividend ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Coston McIsaac & Partners lifted its holdings in shares of SPDR S&P Dividend ETF by 0.5% during the third quarter. Coston McIsaac & Partners now owns 14,489 shares of the company’s stock worth $2,058,000 after purchasing an additional 72 shares during the period. Marshall Financial Group LLC lifted its stake in shares of SPDR S&P Dividend ETF by 3.7% in the 3rd quarter. Marshall Financial Group LLC now owns 2,044 shares of the company’s stock worth $290,000 after acquiring an additional 73 shares during the period. Roger Wittlin Investment Advisory LLC increased its stake in shares of SPDR S&P Dividend ETF by 0.6% during the third quarter. Roger Wittlin Investment Advisory LLC now owns 13,100 shares of the company’s stock worth $1,861,000 after acquiring an additional 73 shares during the period. WealthBridge Capital Management LLC raised its holdings in SPDR S&P Dividend ETF by 1.8% during the third quarter. WealthBridge Capital Management LLC now owns 4,190 shares of the company’s stock worth $595,000 after purchasing an additional 75 shares in the last quarter. Finally, M3 Advisory Group LLC lifted its position in SPDR S&P Dividend ETF by 2.1% in the third quarter. M3 Advisory Group LLC now owns 3,653 shares of the company’s stock valued at $519,000 after purchasing an additional 76 shares during the period.

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.