Financial Gravity Asset Management Inc. Grows Stake in SPDR Portfolio S&P 500 High Dividend ETF $SPYD

Financial Gravity Asset Management Inc. increased its stake in SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) by 9.4% in the 4th quarter, HoldingsChannel reports. The fund owned 298,193 shares of the company’s stock after acquiring an additional 25,511 shares during the period. SPDR Portfolio S&P 500 High Dividend ETF accounts for approximately 2.5% of Financial Gravity Asset Management Inc.’s holdings, making the stock its 13th largest holding. Financial Gravity Asset Management Inc.’s holdings in SPDR Portfolio S&P 500 High Dividend ETF were worth $12,897,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Arax Advisory Partners bought a new stake in SPDR Portfolio S&P 500 High Dividend ETF in the fourth quarter worth about $359,000. Brown Advisory Inc. lifted its stake in SPDR Portfolio S&P 500 High Dividend ETF by 157.8% in the fourth quarter. Brown Advisory Inc. now owns 20,351 shares of the company’s stock worth $880,000 after purchasing an additional 12,456 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in SPDR Portfolio S&P 500 High Dividend ETF in the fourth quarter worth about $139,000. Aptus Capital Advisors LLC lifted its stake in SPDR Portfolio S&P 500 High Dividend ETF by 13.3% in the fourth quarter. Aptus Capital Advisors LLC now owns 47,128 shares of the company’s stock worth $2,038,000 after purchasing an additional 5,532 shares during the last quarter. Finally, CreativeOne Wealth LLC lifted its stake in SPDR Portfolio S&P 500 High Dividend ETF by 9.1% in the fourth quarter. CreativeOne Wealth LLC now owns 14,099 shares of the company’s stock worth $610,000 after purchasing an additional 1,172 shares during the last quarter.

SPDR Portfolio S&P 500 High Dividend ETF Price Performance

Shares of NYSEARCA SPYD opened at $49.12 on Friday. The company has a market cap of $7.71 billion, a P/E ratio of 15.73 and a beta of 0.71. SPDR Portfolio S&P 500 High Dividend ETF has a 1 year low of $41.68 and a 1 year high of $49.21. The firm has a 50-day simple moving average of $46.82 and a two-hundred day simple moving average of $45.77.

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.