Independent Wealth Network Inc. Cuts Position in SPDR Portfolio S&P 500 High Dividend ETF $SPYD

Independent Wealth Network Inc. decreased its holdings in shares of SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) by 32.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,645 shares of the company’s stock after selling 30,939 shares during the period. SPDR Portfolio S&P 500 High Dividend ETF accounts for 0.9% of Independent Wealth Network Inc.’s portfolio, making the stock its 22nd largest position. Independent Wealth Network Inc.’s holdings in SPDR Portfolio S&P 500 High Dividend ETF were worth $2,943,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Armstrong Advisory Group Inc. bought a new position in SPDR Portfolio S&P 500 High Dividend ETF during the 4th quarter valued at approximately $949,000. Apollon Wealth Management LLC boosted its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 80.0% in the fourth 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. Phoenix Wealth Advisors boosted its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 41.9% in the fourth 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. V2 Financial group LLC grew its stake in shares of SPDR Portfolio S&P 500 High Dividend ETF by 284.1% in the fourth 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 during the last quarter. Finally, Greenberg Financial Group purchased a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF in the fourth quarter worth $2,585,000.

SPDR Portfolio S&P 500 High Dividend ETF Price Performance

Shares of NYSEARCA:SPYD opened at $48.13 on Friday. SPDR Portfolio S&P 500 High Dividend ETF has a 1-year low of $41.87 and a 1-year high of $49.21. The business has a fifty day moving average price of $47.19 and a 200-day moving average price of $46.06. The company has a market capitalization of $7.56 billion, a PE ratio of 15.73 and a beta of 0.71.

SPDR Portfolio S&P 500 High Dividend ETF Profile

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.