SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Sees Strong Trading Volume – Should You Buy?

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) shares saw unusually-high trading volume on Friday . Approximately 2,541,369 shares were traded during mid-day trading, an increase of 49% from the previous session’s volume of 1,703,749 shares.The stock last traded at $47.50 and had previously closed at $47.23.

SPDR Portfolio S&P 500 High Dividend ETF Trading Up 0.9%

The firm’s 50 day moving average is $46.02 and its two-hundred day moving average is $45.20. The stock has a market cap of $7.48 billion, a price-to-earnings ratio of 15.73 and a beta of 0.72.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SPYD. Auto Owners Insurance Co raised its stake in SPDR Portfolio S&P 500 High Dividend ETF by 5,697.4% in the 4th quarter. Auto Owners Insurance Co now owns 118,847,500 shares of the company’s stock valued at $5,140,154,000 after purchasing an additional 116,797,500 shares during the last quarter. Vantagepoint Investment Advisers LLC acquired a new position in SPDR Portfolio S&P 500 High Dividend ETF in the 3rd quarter valued at about $187,209,000. Wellington Management Group LLP acquired a new position in SPDR Portfolio S&P 500 High Dividend ETF in the 3rd quarter valued at about $52,565,000. Ameriprise Financial Inc. raised its stake in SPDR Portfolio S&P 500 High Dividend ETF by 31.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,764,341 shares of the company’s stock valued at $159,716,000 after purchasing an additional 896,333 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in SPDR Portfolio S&P 500 High Dividend ETF in the 4th quarter valued at about $12,399,000.

About SPDR Portfolio S&P 500 High Dividend ETF

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.