SPDR S&P Dividend ETF (NYSEARCA:SDY) Sees Large Volume Increase – Time to 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 0.7 %

The stock has a market capitalization of $20.03 billion, a P/E ratio of 20.91 and a beta of 0.87. The stock’s 50-day moving average price is $135.06 and its two-hundred day moving average price is $137.49.

SPDR S&P Dividend ETF Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th will be issued a $0.8184 dividend. The ex-dividend date is Monday, March 24th.

Institutional Trading of SPDR S&P Dividend ETF

Several institutional investors have recently added to or reduced their stakes in SDY. N.E.W. Advisory Services LLC grew its stake in SPDR S&P Dividend ETF by 1.1% in the fourth quarter. N.E.W. Advisory Services LLC now owns 6,916 shares of the company’s stock worth $914,000 after purchasing an additional 76 shares during the period. Avidian Wealth Enterprises LLC grew its position in shares of SPDR S&P Dividend ETF by 4.9% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 1,617 shares of the company’s stock worth $214,000 after buying an additional 76 shares during the period. Good Life Advisors LLC increased its stake in shares of SPDR S&P Dividend ETF by 1.4% in the 4th quarter. Good Life Advisors LLC now owns 5,665 shares of the company’s stock worth $748,000 after acquiring an additional 79 shares in the last quarter. Creekmur Asset Management LLC raised its holdings in SPDR S&P Dividend ETF by 0.7% in the 4th quarter. Creekmur Asset Management LLC now owns 11,357 shares of the company’s stock worth $1,500,000 after acquiring an additional 80 shares during the last quarter. Finally, Rebalance LLC increased its holdings 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 purchasing an additional 85 shares in 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.