SPDR S&P Dividend ETF (NYSEARCA:SDY) Sees Strong Trading Volume

SPDR S&P Dividend ETF (NYSEARCA:SDYGet Rating) shares saw unusually-strong trading volume on Wednesday . Approximately 21,958 shares were traded during mid-day trading, a decline of 96% from the previous session’s volume of 603,257 shares.The stock last traded at $121.16 and had previously closed at $119.84.

SPDR S&P Dividend ETF Price Performance

The firm has a fifty day moving average of $124.99 and a 200 day moving average of $124.63.

Institutional Investors Weigh In On SPDR S&P Dividend ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SDY. JPMorgan Chase & Co. increased its stake in SPDR S&P Dividend ETF by 15.5% during the fourth quarter. JPMorgan Chase & Co. now owns 242,194 shares of the company’s stock worth $31,272,000 after acquiring an additional 32,528 shares during the last quarter. Hilltop Holdings Inc. increased its stake in SPDR S&P Dividend ETF by 13.3% during the fourth quarter. Hilltop Holdings Inc. now owns 4,945 shares of the company’s stock worth $638,000 after acquiring an additional 580 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in SPDR S&P Dividend ETF by 9.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 101,032 shares of the company’s stock worth $13,045,000 after acquiring an additional 9,090 shares during the last quarter. Blair William & Co. IL increased its stake in SPDR S&P Dividend ETF by 5.7% during the fourth quarter. Blair William & Co. IL now owns 70,879 shares of the company’s stock worth $9,152,000 after acquiring an additional 3,803 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of SPDR S&P Dividend ETF by 10.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 434,923 shares of the company’s stock worth $56,157,000 after buying an additional 42,430 shares during the period.

About SPDR S&P Dividend ETF

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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.

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