SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Sees Strong Trading Volume – Still a Buy?

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) shares saw an uptick in trading volume on Friday . 2,541,369 shares changed hands during trading, an increase of 49% from the previous session’s volume of 1,703,749 shares.The stock last traded at $47.50 and had previously closed at $47.23.

SPDR Portfolio S&P 500 High Dividend ETF Trading Up 0.9%

The stock’s 50-day moving average is $46.02 and its 200-day moving average is $45.20. The stock has a market cap of $7.48 billion, a price-to-earnings ratio of 15.73 and a beta of 0.72.

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

A number of institutional investors and hedge funds have recently bought and sold shares of SPYD. Modus Advisors LLC purchased a new position in SPDR Portfolio S&P 500 High Dividend ETF in the 4th quarter worth approximately $28,000. Optiver Holding B.V. purchased a new position in SPDR Portfolio S&P 500 High Dividend ETF in the 3rd quarter worth approximately $31,000. Sound Income Strategies LLC boosted its holdings 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 worth $37,000 after acquiring an additional 600 shares during the period. SHP Wealth Management purchased a new position in SPDR Portfolio S&P 500 High Dividend ETF in the 4th quarter worth approximately $43,000. Finally, Matrix Private Capital Group LLC purchased a new position in SPDR Portfolio S&P 500 High Dividend ETF in the 1st quarter worth approximately $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.