SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Sets New 52-Week High – What’s Next?

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $46.25 and last traded at $46.08, with a volume of 302322 shares traded. The stock had previously closed at $45.77.

SPDR Portfolio S&P 500 High Dividend ETF Stock Up 0.2 %

The firm’s 50 day simple moving average is $44.81 and its 200-day simple moving average is $42.09. The company has a market capitalization of $7.84 billion, a PE ratio of 14.99 and a beta of 0.85.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Westend Capital Management LLC acquired a new stake in SPDR Portfolio S&P 500 High Dividend ETF in the first quarter valued at $52,000. Future Financial Wealth Managment LLC acquired a new stake in SPDR Portfolio S&P 500 High Dividend ETF in the first quarter valued at $60,000. Whittier Trust Co. raised its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 1,723.8% in the first quarter. Whittier Trust Co. now owns 1,842 shares of the company’s stock valued at $75,000 after acquiring an additional 1,741 shares in the last quarter. Tsfg LLC acquired a new stake in SPDR Portfolio S&P 500 High Dividend ETF in the first quarter valued at $81,000. Finally, Fairscale Capital LLC acquired a new stake in SPDR Portfolio S&P 500 High Dividend ETF in the second quarter valued at $126,000.

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.