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

Posted by Jessica Moore on Jan 10th, 2025

SPDR S&P Dividend ETF (NYSEARCA:SDY – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 1,251,010 shares traded hands during mid-day 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 Stock Down 1.4 %

The company has a market cap of $20.40 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The business has a fifty day simple moving average of $137.77 and a 200 day simple moving average of $136.77.

Institutional Investors Weigh In On SPDR S&P Dividend ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in SPDR S&P Dividend ETF in the third quarter valued at $31,000. JNBA Financial Advisors purchased a new stake in shares of SPDR S&P Dividend ETF in the 3rd quarter worth about $32,000. Assetmark Inc. grew its stake in SPDR S&P Dividend ETF by 192.0% in the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after acquiring an additional 167 shares during the last quarter. Strategic Investment Solutions Inc. IL increased its holdings in SPDR S&P Dividend ETF by 113.8% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after acquiring an additional 140 shares in the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in SPDR S&P Dividend ETF during the fourth quarter worth about $38,000.

SPDR S&P Dividend ETF Company Profile

(Get Free Report)

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.