SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Reaches New 12-Month High – What’s Next?

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $50.56 and last traded at $50.63, with a volume of 127024 shares traded. The stock had previously closed at $49.89.

SPDR Portfolio S&P 500 High Dividend ETF Trading Up 1.9%

The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 15.73 and a beta of 0.71. The stock has a fifty day moving average price of $48.18 and a 200-day moving average price of $46.85.

Institutional Trading of SPDR Portfolio S&P 500 High Dividend ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Modus Advisors LLC bought a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF during the fourth quarter worth approximately $28,000. Sound Income Strategies LLC increased its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 277.8% in the fourth quarter. Sound Income Strategies LLC now owns 816 shares of the company’s stock valued at $37,000 after purchasing an additional 600 shares during the last quarter. SHP Wealth Management acquired a new position in SPDR Portfolio S&P 500 High Dividend ETF in the fourth quarter valued at about $43,000. Matrix Private Capital Group LLC acquired a new position in SPDR Portfolio S&P 500 High Dividend ETF in the first quarter valued at about $53,000. Finally, IFP Advisors Inc boosted its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 58.3% during the third quarter. IFP Advisors Inc now owns 1,319 shares of the company’s stock worth $58,000 after buying an additional 486 shares during the last quarter.

SPDR Portfolio S&P 500 High Dividend ETF Company Profile

The SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is an exchange-traded fund that is based on the S&P 500 High Dividend index. The fund tracks an index of the 80 highest-yielding stocks selected from the S&P 500. Stocks are equally-weighted. SPYD was launched on Oct 21, 2015 and is managed by State Street.