SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Reaches New 1-Year High – Here’s What Happened

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD)’s stock price reached a new 52-week high on Thursday. The stock traded as high as $51.11 and last traded at $50.9050, with a volume of 284,895 shares changing hands. The stock had previously closed at $50.51.

SPDR Portfolio S&P 500 High Dividend ETF Stock Down 1.1%

The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 15.73 and a beta of 0.72. The stock’s fifty day moving average is $47.71 and its two-hundred day moving average is $47.49.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Compass Financial Management LLC acquired a new position in shares of SPDR Portfolio S&P 500 High Dividend ETF during the 2nd quarter worth about $30,000. Tompkins Financial Corp bought a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF in the 3rd quarter valued at about $31,000. Highland Investment Advisors LLC acquired a new stake in SPDR Portfolio S&P 500 High Dividend ETF in the 2nd quarter valued at about $51,000. Matrix Private Capital Group LLC acquired a new stake in SPDR Portfolio S&P 500 High Dividend ETF in the 1st quarter valued at about $53,000. Finally, Clearstead Trust LLC bought a new position in SPDR Portfolio S&P 500 High Dividend ETF during the second quarter worth about $64,000.

About SPDR Portfolio S&P 500 High Dividend ETF

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.