ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) Sees Strong Trading Volume – Still a Buy?

ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) saw an uptick in trading volume on Wednesday . 113,100 shares changed hands during mid-day trading, an increase of 165% from the previous session’s volume of 42,681 shares.The stock last traded at $73.07 and had previously closed at $73.20.

ALPS Sector Dividend Dogs ETF Price Performance

The company has a 50-day moving average price of $69.27 and a 200 day moving average price of $66.72. The firm has a market capitalization of $1.43 billion, a PE ratio of 15.06 and a beta of 0.70.

Institutional Trading of ALPS Sector Dividend Dogs ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SDOG. Del Sette Capital Management LLC lifted its stake in ALPS Sector Dividend Dogs ETF by 401.3% in the 1st quarter. Del Sette Capital Management LLC now owns 281,064 shares of the company’s stock worth $18,279,000 after purchasing an additional 224,994 shares in the last quarter. Bank of America Corp DE grew its position in shares of ALPS Sector Dividend Dogs ETF by 5.1% during the second quarter. Bank of America Corp DE now owns 1,511,488 shares of the company’s stock valued at $86,878,000 after purchasing an additional 73,524 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of ALPS Sector Dividend Dogs ETF by 89.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 139,664 shares of the company’s stock worth $8,445,000 after purchasing an additional 66,078 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of ALPS Sector Dividend Dogs ETF by 461.4% in the fourth quarter. IFP Advisors Inc now owns 62,745 shares of the company’s stock worth $3,794,000 after purchasing an additional 51,568 shares during the last quarter. Finally, Paller Financial Services Inc purchased a new stake in shares of ALPS Sector Dividend Dogs ETF in the fourth quarter worth about $2,649,000.

ALPS Sector Dividend Dogs ETF Company Profile

The ALPS Sector Dividend Dogs ETF (SDOG) is an exchange-traded fund that is based on the S-Network Sector Dividend Dogs index. The fund tracks an equal-weighted index of the five highest-yielding S&P 500 securities in each sector. SDOG was launched on Jun 29, 2012 and is managed by ALPS.