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

Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) saw an uptick in trading volume on Monday . 685,125 shares were traded during trading, an increase of 60% from the previous session’s volume of 427,789 shares.The stock last traded at $143.9320 and had previously closed at $143.57.

SPDR S&P Dividend ETF Stock Performance

The stock has a market capitalization of $20.51 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. The business has a fifty day simple moving average of $139.44 and a 200 day simple moving average of $139.36.

Institutional Trading of SPDR S&P Dividend ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SDY. CVA Family Office LLC grew its position in shares of SPDR S&P Dividend ETF by 60.0% during the 3rd quarter. CVA Family Office LLC now owns 200 shares of the company’s stock worth $28,000 after purchasing an additional 75 shares in the last quarter. Insight Inv LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the second quarter valued at approximately $27,000. Flagship Wealth Advisors LLC boosted its stake in shares of SPDR S&P Dividend ETF by 625.0% in the third quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after buying an additional 175 shares during the period. Compass Financial Services Inc acquired a new stake in SPDR S&P Dividend ETF during the third quarter worth approximately $29,000. Finally, Delos Wealth Advisors LLC bought a new position in SPDR S&P Dividend ETF during the 3rd quarter worth $29,000. Institutional investors and hedge funds own 43.42% of the company’s stock.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.