SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD – Get Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $50.56 and last traded at $50.63, with a volume of 127024 shares trading hands. The stock had previously closed at $49.89.
SPDR Portfolio S&P 500 High Dividend ETF Trading Up 1.9%
The firm has a market cap of $7.82 billion, a P/E ratio of 15.73 and a beta of 0.71. The firm’s 50 day moving average is $48.18 and its two-hundred day moving average is $46.85.
Hedge Funds Weigh In On SPDR Portfolio S&P 500 High Dividend ETF
Hedge funds and other institutional investors have recently made changes to their positions in the company. Roan Capital Partners grew its stake in SPDR Portfolio S&P 500 High Dividend ETF by 41.0% in the second quarter. Roan Capital Partners now owns 41,976 shares of the company’s stock valued at $2,003,000 after acquiring an additional 12,210 shares during the period. MFG Wealth Management Inc. increased its stake in SPDR Portfolio S&P 500 High Dividend ETF by 0.7% during the 2nd quarter. MFG Wealth Management Inc. now owns 48,918 shares of the company’s stock worth $2,334,000 after purchasing an additional 332 shares in the last quarter. Grant Private Wealth Management Inc bought a new stake in SPDR Portfolio S&P 500 High Dividend ETF during the 2nd quarter worth approximately $225,000. Avior Wealth Management LLC bought a new stake in SPDR Portfolio S&P 500 High Dividend ETF during the 2nd quarter worth approximately $3,549,000. Finally, WealthPoint Financial LLC raised its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 21.1% during the 1st quarter. WealthPoint Financial LLC now owns 6,316 shares of the company’s stock worth $288,000 after buying an additional 1,099 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.
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