SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Reaches New 52-Week High – Should You Buy?

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $49.35 and last traded at $49.23, with a volume of 192052 shares. The stock had previously closed at $48.62.

SPDR Portfolio S&P 500 High Dividend ETF Stock Down 0.3%

The firm has a market capitalization of $7.60 billion, a PE ratio of 15.73 and a beta of 0.71. The stock’s fifty day simple moving average is $47.84 and its 200 day simple moving average is $46.58.

Institutional Investors Weigh In On SPDR Portfolio S&P 500 High Dividend ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPYD. Armstrong Advisory Group Inc. purchased a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF in the fourth quarter worth $949,000. Phoenix Wealth Advisors increased its holdings in shares of SPDR Portfolio S&P 500 High Dividend ETF by 41.9% in the fourth quarter. Phoenix Wealth Advisors now owns 61,016 shares of the company’s stock worth $2,639,000 after purchasing an additional 18,020 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in shares of SPDR Portfolio S&P 500 High Dividend ETF by 80.0% during the 4th quarter. Apollon Wealth Management LLC now owns 28,703 shares of the company’s stock worth $1,241,000 after acquiring an additional 12,761 shares in the last quarter. V2 Financial group LLC raised its stake in SPDR Portfolio S&P 500 High Dividend ETF by 284.1% during the fourth quarter. V2 Financial group LLC now owns 28,613 shares of the company’s stock valued at $1,237,000 after purchasing an additional 21,163 shares in the last quarter. Finally, Greenberg Financial Group bought a new position in shares of SPDR Portfolio S&P 500 High Dividend ETF in the 4th quarter valued at about $2,585,000.

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.