Phoenix Wealth Advisors Purchases New Position in SPDR Portfolio S&P 500 High Dividend ETF $SPYD

Phoenix Wealth Advisors acquired a new position in shares of SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,141 shares of the company’s stock, valued at approximately $1,449,000.

Several other institutional investors have also recently bought and sold shares of the company. Belpointe Asset Management LLC boosted its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 5.8% during the second quarter. Belpointe Asset Management LLC now owns 5,555 shares of the company’s stock worth $236,000 after purchasing an additional 306 shares during the last quarter. DAVENPORT & Co LLC increased its stake in SPDR Portfolio S&P 500 High Dividend ETF by 7.4% in the 2nd quarter. DAVENPORT & Co LLC now owns 18,760 shares of the company’s stock valued at $796,000 after buying an additional 1,295 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in SPDR Portfolio S&P 500 High Dividend ETF by 16.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 163,152 shares of the company’s stock worth $6,924,000 after buying an additional 23,284 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of SPDR Portfolio S&P 500 High Dividend ETF by 3.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 49,717 shares of the company’s stock worth $2,163,000 after buying an additional 1,817 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of SPDR Portfolio S&P 500 High Dividend ETF by 6.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 671,161 shares of the company’s stock worth $28,484,000 after buying an additional 40,590 shares during the last quarter.

SPDR Portfolio S&P 500 High Dividend ETF Stock Performance

NYSEARCA:SPYD opened at $43.08 on Friday. The stock’s 50-day simple moving average is $43.60 and its 200 day simple moving average is $43.24. The company has a market cap of $7.24 billion, a P/E ratio of 15.73 and a beta of 0.84. SPDR Portfolio S&P 500 High Dividend ETF has a 52-week low of $37.92 and a 52-week high of $47.52.

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.