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SPDR S&P Dividend ETF hits new low, prompting investor reevaluation despite long-term growth.
The SPDR S&P Dividend ETF (SDY) hit a new 52-week low of $120.02 on Wednesday, closing at $121.58.
Despite this drop, the ETF, which focuses on high-dividend stocks from the S&P Composite 1500 Index that have increased dividends for over 25 years, has a market cap of $18.74 billion and a PE ratio of 20.96.
Investors are weighing whether to hold or sell, considering the ETF's long-term dividend growth.
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SPDR S&P Dividend ETF alcanza un nuevo nivel bajo, lo que provoca una reevaluación de los inversores a pesar del crecimiento a largo plazo.