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

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYDGet Free Report)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $47.52 and last traded at $47.45, with a volume of 74364 shares traded. The stock had previously closed at $47.16.

SPDR Portfolio S&P 500 High Dividend ETF Price Performance

The stock has a market cap of $8.05 billion, a price-to-earnings ratio of 14.99 and a beta of 0.85. The stock’s 50 day simple moving average is $45.65 and its two-hundred day simple moving average is $43.38.

Hedge Funds Weigh In On SPDR Portfolio S&P 500 High Dividend ETF

Institutional investors have recently bought and sold shares of the business. Family Firm Inc. bought a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF during the 2nd quarter valued at $173,000. Rothschild Investment LLC bought a new stake in SPDR Portfolio S&P 500 High Dividend ETF in the second quarter valued at about $264,000. IFG Advisory LLC lifted its stake in SPDR Portfolio S&P 500 High Dividend ETF by 1.1% in the second quarter. IFG Advisory LLC now owns 45,461 shares of the company’s stock valued at $1,829,000 after buying an additional 502 shares during the period. Parallel Advisors LLC boosted its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 1,137.0% during the second quarter. Parallel Advisors LLC now owns 14,696 shares of the company’s stock worth $591,000 after buying an additional 13,508 shares during the last quarter. Finally, Waterloo Capital L.P. acquired a new position in shares of SPDR Portfolio S&P 500 High Dividend ETF during the 2nd quarter worth about $2,382,000.

SPDR Portfolio S&P 500 High Dividend ETF Company Profile

(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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