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NYSEARCA:SDY

SPDR S&P Dividend ETF (SDY) Price, Holdings, & News

$129.64
-0.47 (-0.36%)
(As of 06/3/2024 ET)
Today's Range
$128.97
$130.34
50-Day Range
$124.60
$132.46
52-Week Range
$109.87
$132.49
Volume
380,490 shs
Average Volume
353,143 shs
Market Capitalization
$20.51 billion
Assets Under Management
$20.35 billion
Dividend Yield
2.47%
Net Expense Ratio
0.35%
SDY stock logo

About SPDR S&P Dividend ETF (NYSEARCA:SDY)

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. In addition, the Fund may invest in equity securities that are not included in the Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the Adviser). SSgA Funds Management, Inc. is the investment adviser to the Fund.

SDY Stock Price History

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Fund Details

Issuer
SSgA
Fund Name
SPDR S&P Dividend ETF
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:SDY
Inception Date
11/8/2005
Fund Manager
Michael Feehily, Karl Schneider, Emiliano Rabinovich

Fund Focus

Asset Class
Equity
Benchmark
S&P High Yield Dividend Aristocrats Index
Category
Strategy
Focus
High Dividend Yield
Development Level
Developed Markets
Region
North America
Number of Holdings
138

Fund Statistics

Assets Under Management
$20.35 billion
Average Daily Volume
$265,512.00
Discount/Premium
-0.14%

Administrator, Advisor and Custodian

Administrator
SSgA Funds Management, Inc.
Advisor
SSgA Funds Management, Inc.
Custodian
State Street Bank and Trust Company
Distributor
State Street Global Advisors Funds Distributors, LLC
Transfer Agent
State Street Bank and Trust Company
Trustee
N/A
Lead Market Maker
Susquehanna

Options

Optionable
Optionable
Options Volume
10
Put Options
2
Call Options
10
Short Interest
68,000 shs

Miscellaneous

Beta
0.68
Creation Unit
50,000
Creation Fee
$250.00
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SPDR S&P Dividend ETF Expenses

TypeSDYHigh Dividend Yield ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.35%0.45%0.54%0.50%0.51%
Other Expenses0.00%0.26%0.54%0.64%0.58%
Total Expense0.35%0.53%0.70%0.74%0.70%
Fee Waiver0.00%-0.21%-0.55%-0.68%-0.56%
Net Expense0.35%0.51%0.60%0.58%0.58%

SPDR S&P Dividend ETF (SDY) Holdings & Exposure

SDY Sector Exposure

SDY Industry Exposure

Key Executives

  • James E. Ross (Age 52)
    President, Trustee of StreetTracks series trust
  • Peter A. Ambrosini (Age 69)
    Chief Compliance Officer of street tracks series trust
  • Michael P. Riley (Age 44)
    Vice President of street tracks series trust
  • Gary L. French (Age 64)
    Treasurer of street tracks series trust
  • John W. Clark (Age 46)
    Assistant Treasurer of street tracks series trust
  • Matthew W. Flaherty (Age 42)
    Assistant Treasurer of street tracks series trust
  • Chad C. Hallett (Age 47)
    Assistant Treasurer of Street tracks series trust
  • Mary Moran Zeven (Age 52)
    Secretary of street tracks series trust
  • Scott M. Zoltowski (Age 44)
    Assistant Secretary of street tracks series trust
  • David M Kelly (Age 76)
    Independent Trustee of street tracks series trust

Should I Buy SPDR S&P Dividend ETF Stock? SDY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in 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, which consists of companies with a history of consistently increasing dividends for at least 25 consecutive years. This provides investors with exposure to stable and reliable dividend-paying companies.
  • Investing in this ETF can offer diversification benefits as it generally invests in a basket of high dividend-yielding stocks, reducing individual stock risk.
  • With a focus on companies that have a managed-dividends policy, investors can potentially benefit from the compounding effect of reinvested dividends over time, leading to potential long-term growth.
  • The ETF's investment strategy of holding securities that have followed a consistent dividend growth policy may appeal to income-oriented investors seeking regular income streams.
  • Given the current market conditions and the historical performance of dividend-paying stocks during economic downturns, this ETF could serve as a defensive investment option in times of market volatility.

Cons

Investors should be bearish about investing in SPDR S&P Dividend ETF for these reasons:

  • While dividend-paying stocks can provide income, they may underperform growth stocks during periods of strong market growth, potentially limiting capital appreciation.
  • Investors should be aware that the dividend yield of the ETF may fluctuate based on market conditions and changes in the dividend policies of the underlying companies, impacting the overall income generated.
  • As the ETF focuses on dividend aristocrats, it may have a bias towards certain sectors or industries, leading to sector concentration risk if those sectors underperform.
  • Investors should consider the expense ratio of the ETF, as higher fees can erode returns over time, especially in comparison to other low-cost index funds.
  • It's important for investors to assess their risk tolerance and investment goals, as dividend-focused strategies may not align with the objectives of all investors, particularly those seeking high-growth opportunities.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, June 2, 2024. Please send any questions or comments about these SPDR S&P Dividend ETF pros and cons to contact@marketbeat.com.

SDY ETF - Frequently Asked Questions

How have SDY shares performed in 2024?

SPDR S&P Dividend ETF's stock was trading at $124.97 at the beginning of 2024. Since then, SDY shares have increased by 3.7% and is now trading at $129.64.
View the best growth stocks for 2024 here
.

What does SDY invest in?

SPDR S&P Dividend ETF is a equity fund issued by SSgA. SDY focuses on high dividend yield investments and follows the S&P High Yield Dividend Aristocrats Index. The fund's investments total to approximately $20.35 billion assets under management.

What stocks does SPDR S&P Dividend ETF hold?
What is the management fee for SPDR S&P Dividend ETF?

SPDR S&P Dividend ETF's management fee is 0.35% and has no other recorded expenses or fee waivers. The net expense ratio for SDY is 0.35%.

What other stocks do shareholders of SPDR S&P Dividend ETF own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SPDR S&P Dividend ETF investors own include Chimera Investment (CIM), McDonald's (MCD), Costco Wholesale (COST), CVS Health (CVS), Home Depot (HD), Pfizer (PFE), AT&T (T), AbbVie (ABBV), DOW (DOW) and Merck & Co., Inc. (MRK).

Who are SPDR S&P Dividend ETF's major shareholders?

SPDR S&P Dividend ETF's stock is owned by a number of retail and institutional investors. Top institutional investors include Joel Isaacson & Co. LLC (1.50%), Raymond James & Associates (1.45%), Commonwealth Equity Services LLC (0.74%), Bank of New York Mellon Corp (0.73%), Janney Montgomery Scott LLC (0.68%) and Raymond James Financial Services Advisors Inc. (0.62%).

How do I buy shares of SPDR S&P Dividend ETF?

Shares of SDY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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This page (NYSEARCA:SDY) was last updated on 6/4/2024 by MarketBeat.com Staff

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