Independent Wealth Network Inc. Lowers Position in SPDR Portfolio S&P 500 High Dividend ETF $SPYD

Independent Wealth Network Inc. trimmed its position in shares of SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) by 32.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,645 shares of the company’s stock after selling 30,939 shares during the quarter. SPDR Portfolio S&P 500 High Dividend ETF makes up approximately 0.9% of Independent Wealth Network Inc.’s holdings, making the stock its 22nd largest position. Independent Wealth Network Inc.’s holdings in SPDR Portfolio S&P 500 High Dividend ETF were worth $2,943,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Modus Advisors LLC bought a new position in shares of SPDR Portfolio S&P 500 High Dividend ETF in the 4th quarter worth approximately $28,000. Optiver Holding B.V. bought a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF during the third quarter valued at approximately $31,000. Sound Income Strategies LLC grew its stake in SPDR Portfolio S&P 500 High Dividend ETF by 277.8% in the fourth quarter. Sound Income Strategies LLC now owns 816 shares of the company’s stock worth $37,000 after purchasing an additional 600 shares during the period. SHP Wealth Management purchased a new stake in SPDR Portfolio S&P 500 High Dividend ETF in the fourth quarter worth $43,000. Finally, IFP Advisors Inc raised its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 58.3% in the third quarter. IFP Advisors Inc now owns 1,319 shares of the company’s stock worth $58,000 after purchasing an additional 486 shares in the last quarter.

SPDR Portfolio S&P 500 High Dividend ETF Trading Up 0.8%

SPYD opened at $48.13 on Friday. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 15.73 and a beta of 0.71. The stock has a fifty day simple moving average of $47.19 and a two-hundred day simple moving average of $46.06. SPDR Portfolio S&P 500 High Dividend ETF has a 12-month low of $41.87 and a 12-month high of $49.21.

SPDR Portfolio S&P 500 High Dividend ETF 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.