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

Shares of ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) saw unusually-high trading volume on Thursday . Approximately 182,028 shares changed hands during trading, an increase of 273% from the previous session’s volume of 48,793 shares.The stock last traded at $56.87 and had previously closed at $56.51.

ALPS Sector Dividend Dogs ETF Trading Up 0.5 %

The business’s 50 day moving average is $58.83 and its 200 day moving average is $57.28. The stock has a market capitalization of $1.23 billion, a PE ratio of 13.83 and a beta of 0.76.

Institutional Investors Weigh In On ALPS Sector Dividend Dogs ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Strategic Financial Concepts LLC grew its stake in ALPS Sector Dividend Dogs ETF by 5,527.7% in the second quarter. Strategic Financial Concepts LLC now owns 469,913 shares of the company’s stock valued at $248,000 after purchasing an additional 461,563 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of ALPS Sector Dividend Dogs ETF by 926.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 79,152 shares of the company’s stock worth $4,668,000 after buying an additional 71,442 shares during the last quarter. Raymond James & Associates raised its stake in shares of ALPS Sector Dividend Dogs ETF by 11.5% during the 3rd quarter. Raymond James & Associates now owns 142,681 shares of the company’s stock worth $8,414,000 after acquiring an additional 14,678 shares in the last quarter. Pathway Financial Advisers LLC lifted its position in ALPS Sector Dividend Dogs ETF by 5,797.0% during the third quarter. Pathway Financial Advisers LLC now owns 13,681 shares of the company’s stock valued at $807,000 after acquiring an additional 13,449 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in ALPS Sector Dividend Dogs ETF in the second quarter worth $589,000.

About ALPS Sector Dividend Dogs ETF

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.