SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Sets New 1-Year High – Should You Buy?

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $50.90 and last traded at $50.83, with a volume of 180478 shares changing hands. The stock had previously closed at $50.43.

SPDR Portfolio S&P 500 High Dividend ETF Trading Up 0.4%

The company has a market capitalization of $8.90 billion, a PE ratio of 15.73 and a beta of 0.71. The stock has a fifty day moving average of $49.06 and a two-hundred day moving average of $47.56.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Auto Owners Insurance Co lifted its holdings in shares of 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 worth $5,140,154,000 after acquiring an additional 116,797,500 shares during the last quarter. LPL Financial LLC raised its position in SPDR Portfolio S&P 500 High Dividend ETF by 1.0% in the 4th quarter. LPL Financial LLC now owns 4,524,639 shares of the company’s stock worth $195,691,000 after purchasing an additional 43,656 shares during the period. Ameriprise Financial Inc. lifted its stake in SPDR Portfolio S&P 500 High Dividend ETF by 7.3% in the third quarter. Ameriprise Financial Inc. now owns 4,040,675 shares of the company’s stock worth $177,792,000 after purchasing an additional 276,334 shares during the last quarter. Bank of America Corp DE lifted its stake in SPDR Portfolio S&P 500 High Dividend ETF by 0.9% in the first quarter. Bank of America Corp DE now owns 3,356,512 shares of the company’s stock worth $152,788,000 after purchasing an additional 30,295 shares during the last quarter. Finally, Morgan Stanley boosted its position in SPDR Portfolio S&P 500 High Dividend ETF by 4.3% during the fourth quarter. Morgan Stanley now owns 1,546,240 shares of the company’s stock valued at $66,875,000 after buying an additional 63,369 shares during the period.

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.