SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Reaches New 52-Week High – Here’s What Happened

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $48.53 and last traded at $47.91, with a volume of 409216 shares changing hands. The stock had previously closed at $48.07.

SPDR Portfolio S&P 500 High Dividend ETF Stock Down 0.8%

The firm has a 50-day moving average price of $44.77 and a 200 day moving average price of $44.02. The firm has a market capitalization of $7.90 billion, a PE ratio of 15.73 and a beta of 0.84.

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

Several hedge funds have recently modified their holdings of SPYD. LPL Financial LLC grew its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 1.0% during the 4th quarter. LPL Financial LLC now owns 4,524,639 shares of the company’s stock worth $195,691,000 after acquiring an additional 43,656 shares in the last quarter. Vantagepoint Investment Advisers LLC purchased a new position in shares of SPDR Portfolio S&P 500 High Dividend ETF in the 3rd quarter valued at about $187,209,000. Ameriprise Financial Inc. raised its position in shares of SPDR Portfolio S&P 500 High Dividend ETF by 7.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,040,675 shares of the company’s stock worth $177,792,000 after acquiring an additional 276,334 shares in the last quarter. Bank of America Corp DE lifted its stake in SPDR Portfolio S&P 500 High Dividend ETF by 1.8% during the third quarter. Bank of America Corp DE now owns 3,178,541 shares of the company’s stock worth $139,856,000 after purchasing an additional 55,984 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 1.1% in the third quarter. SBI Securities Co. Ltd. now owns 1,552,130 shares of the company’s stock valued at $68,294,000 after purchasing an additional 17,291 shares in 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.