SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Hits New 52-Week High – What’s Next?

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $48.53 and last traded at $47.91, with a volume of 409216 shares. The stock had previously closed at $48.07.

SPDR Portfolio S&P 500 High Dividend ETF Stock Down 0.8%

The firm has a fifty day simple moving average of $44.77 and a 200-day simple moving average of $44.02. The company has a market cap of $7.90 billion, a PE ratio of 15.73 and a beta of 0.84.

Institutional Investors Weigh In On SPDR Portfolio S&P 500 High Dividend ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vantagepoint Investment Advisers LLC acquired a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF in the third quarter valued at approximately $187,209,000. Wellington Management Group LLP acquired a new stake in SPDR Portfolio S&P 500 High Dividend ETF during the 3rd quarter worth $52,565,000. Ameriprise Financial Inc. boosted its stake in SPDR Portfolio S&P 500 High Dividend ETF by 31.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,764,341 shares of the company’s stock worth $159,716,000 after purchasing an additional 896,333 shares during the period. Financial Gravity Companies Inc. purchased a new position in SPDR Portfolio S&P 500 High Dividend ETF during the 2nd quarter worth $11,975,000. Finally, Vestmark Advisory Solutions Inc. increased its stake in SPDR Portfolio S&P 500 High Dividend ETF by 43.0% in the second quarter. Vestmark Advisory Solutions Inc. now owns 455,944 shares of the company’s stock valued at $19,350,000 after purchasing an additional 137,171 shares during the period.

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.