SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Sets New 1-Year High – What’s Next?

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) shares reached a new 52-week high on Wednesday . The stock traded as high as $48.54 and last traded at $48.53, with a volume of 308569 shares changing hands. The stock had previously closed at $48.19.

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

The firm has a market capitalization of $7.63 billion, a PE ratio of 15.73 and a beta of 0.71. The stock has a 50-day simple moving average of $46.62 and a 200-day simple moving average of $45.66.

Hedge Funds Weigh In On SPDR Portfolio S&P 500 High Dividend ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPYD. Wealthspire Advisors LLC increased its stake in shares of SPDR Portfolio S&P 500 High Dividend ETF by 0.4% in the fourth quarter. Wealthspire Advisors LLC now owns 58,443 shares of the company’s stock worth $2,528,000 after purchasing an additional 220 shares in the last quarter. Caitlin John LLC lifted its stake in shares of SPDR Portfolio S&P 500 High Dividend ETF by 3.8% during the 4th quarter. Caitlin John LLC now owns 6,114 shares of the company’s stock valued at $264,000 after buying an additional 226 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 0.7% in the 4th quarter. Kestra Advisory Services LLC now owns 36,525 shares of the company’s stock worth $1,580,000 after buying an additional 239 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 1.9% in the 4th quarter. J.W. Cole Advisors Inc. now owns 13,326 shares of the company’s stock worth $550,000 after buying an additional 248 shares during the period. Finally, Global Retirement Partners LLC grew its stake in SPDR Portfolio S&P 500 High Dividend ETF by 2.6% in the 4th quarter. Global Retirement Partners LLC now owns 10,585 shares of the company’s stock valued at $458,000 after buying an additional 267 shares in the last quarter.

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.