SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Hits New 1-Year High – What’s Next?

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $45.63 and last traded at $45.6040, with a volume of 306786 shares trading hands. The stock had previously closed at $45.25.

SPDR Portfolio S&P 500 High Dividend ETF Price Performance

The firm has a market capitalization of $7.57 billion, a price-to-earnings ratio of 15.73 and a beta of 0.84. The stock has a fifty day moving average of $44.03 and a two-hundred day moving average of $43.77.

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

Several institutional investors have recently added to or reduced their stakes in SPYD. Code Waechter LLC raised its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 1.1% during the 3rd quarter. Code Waechter LLC now owns 20,513 shares of the company’s stock worth $891,000 after purchasing an additional 230 shares during the last quarter. Sovereign Financial Group Inc. increased its position in shares of SPDR Portfolio S&P 500 High Dividend ETF by 2.5% during the third quarter. Sovereign Financial Group Inc. now owns 10,354 shares of the company’s stock worth $456,000 after buying an additional 251 shares during the period. Private Trust Co. NA raised its stake in SPDR Portfolio S&P 500 High Dividend ETF by 2.5% during the second quarter. Private Trust Co. NA now owns 10,330 shares of the company’s stock worth $438,000 after buying an additional 255 shares during the last quarter. Advisory Services Network LLC lifted its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 2.4% in the third quarter. Advisory Services Network LLC now owns 11,630 shares of the company’s stock valued at $512,000 after buying an additional 271 shares during the period. Finally, AlphaCore Capital LLC boosted its position in SPDR Portfolio S&P 500 High Dividend ETF by 9.5% during the third quarter. AlphaCore Capital LLC now owns 3,143 shares of the company’s stock valued at $138,000 after acquiring an additional 273 shares during 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.