SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $48.54 and last traded at $48.53, with a volume of 308569 shares. The stock had previously closed at $48.19.
SPDR Portfolio S&P 500 High Dividend ETF Stock Up 0.8%
The company has a market capitalization of $7.63 billion, a P/E ratio of 15.73 and a beta of 0.71. The business’s 50-day moving average is $46.62 and its two-hundred day moving average is $45.66.
Hedge Funds Weigh In On SPDR Portfolio S&P 500 High Dividend ETF
Hedge funds and other institutional investors have recently modified their holdings of the business. Modus Advisors LLC purchased a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF during the fourth quarter valued at approximately $28,000. Optiver Holding B.V. purchased a new position in SPDR Portfolio S&P 500 High Dividend ETF in the third quarter worth $31,000. Sound Income Strategies LLC grew its stake in SPDR Portfolio S&P 500 High Dividend ETF by 277.8% in the 4th quarter. Sound Income Strategies LLC now owns 816 shares of the company’s stock valued at $37,000 after purchasing an additional 600 shares during the period. SHP Wealth Management purchased a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF during the 4th quarter valued at $43,000. Finally, Matrix Private Capital Group LLC purchased a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF during the 1st quarter valued at $53,000.
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.
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