NewEdge Advisors LLC cut its stake in SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD – Free Report) by 70.0% in the 1st quarter, Holdings Channel reports. The firm owned 33,984 shares of the company’s stock after selling 79,227 shares during the period. NewEdge Advisors LLC’s holdings in SPDR Portfolio S&P 500 High Dividend ETF were worth $1,547,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of SPYD. Phoenix Wealth Advisors increased its position in shares of SPDR Portfolio S&P 500 High Dividend ETF by 41.9% during the fourth quarter. Phoenix Wealth Advisors now owns 61,016 shares of the company’s stock valued at $2,639,000 after buying an additional 18,020 shares during the period. Apollon Wealth Management LLC lifted its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 80.0% in the fourth quarter. Apollon Wealth Management LLC now owns 28,703 shares of the company’s stock worth $1,241,000 after buying an additional 12,761 shares during the period. V2 Financial group LLC lifted its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 284.1% in the fourth quarter. V2 Financial group LLC now owns 28,613 shares of the company’s stock worth $1,237,000 after buying an additional 21,163 shares during the period. Curran Financial Partners LLC boosted its position in SPDR Portfolio S&P 500 High Dividend ETF by 7.1% during the 4th quarter. Curran Financial Partners LLC now owns 519,643 shares of the company’s stock valued at $22,475,000 after acquiring an additional 34,541 shares in the last quarter. Finally, Greenberg Financial Group bought a new stake in SPDR Portfolio S&P 500 High Dividend ETF during the 4th quarter valued at approximately $2,585,000.
SPDR Portfolio S&P 500 High Dividend ETF Stock Performance
SPYD stock opened at $49.50 on Friday. SPDR Portfolio S&P 500 High Dividend ETF has a fifty-two week low of $41.87 and a fifty-two week high of $50.90. The business’s 50 day moving average price is $48.41 and its two-hundred day moving average price is $47.00. The company has a market capitalization of $7.63 billion, a price-to-earnings ratio of 15.73 and a beta of 0.71.
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.
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