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

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYDGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $50.56 and last traded at $50.63, with a volume of 127024 shares traded. The stock had previously closed at $49.89.

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

The firm has a 50 day moving average of $48.32 and a 200-day moving average of $46.94. The company has a market cap of $7.77 billion, a P/E ratio of 15.73 and a beta of 0.71.

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

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

About SPDR Portfolio S&P 500 High Dividend ETF

(Get Free Report)

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.

Further Reading

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