SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Sees Unusually-High Trading Volume – Time to Buy?

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYDGet Free Report) saw unusually-strong trading volume on Friday . Approximately 2,541,369 shares changed hands during mid-day 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 1.0%

The stock has a fifty day simple moving average of $46.05 and a two-hundred day simple moving average of $45.21. The company has a market cap of $7.49 billion, a PE ratio of 15.73 and a beta of 0.72.

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

Institutional investors have recently modified their holdings of the company. Armstrong Advisory Group Inc. purchased a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF during the 4th quarter worth approximately $949,000. Phoenix Wealth Advisors boosted its stake in shares of SPDR Portfolio S&P 500 High Dividend ETF by 41.9% during the 4th quarter. Phoenix Wealth Advisors now owns 61,016 shares of the company’s stock worth $2,639,000 after acquiring an additional 18,020 shares in the last quarter. Apollon Wealth Management LLC boosted its stake 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. Greenberg Financial Group purchased a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF during the 4th quarter worth approximately $2,585,000. Finally, V2 Financial group LLC boosted its stake in shares of SPDR Portfolio S&P 500 High Dividend ETF by 284.1% during the 4th quarter. V2 Financial group LLC now owns 28,613 shares of the company’s stock worth $1,237,000 after acquiring an additional 21,163 shares in the last quarter.

About SPDR Portfolio S&P 500 High Dividend ETF

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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.

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