Independent Financial Group LLC Acquires Shares of 12,162 SPDR Portfolio S&P 500 High Dividend ETF $SPYD

Independent Financial Group LLC bought a new position in shares of SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,162 shares of the company’s stock, valued at approximately $554,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wealthspire Advisors LLC raised its stake 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 acquiring an additional 220 shares during the last quarter. Caitlin John LLC grew its stake 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 valued at $264,000 after purchasing an additional 226 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of 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 purchasing an additional 239 shares during the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of SPDR Portfolio S&P 500 High Dividend ETF by 1.9% in the fourth quarter. J.W. Cole Advisors Inc. now owns 13,326 shares of the company’s stock valued at $550,000 after purchasing an additional 248 shares in the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of SPDR Portfolio S&P 500 High Dividend ETF by 2.6% in the fourth quarter. Global Retirement Partners LLC now owns 10,585 shares of the company’s stock valued at $458,000 after purchasing an additional 267 shares in the last quarter.

SPDR Portfolio S&P 500 High Dividend ETF Price Performance

SPYD stock opened at $49.52 on Thursday. The company has a 50 day moving average price of $48.00 and a 200 day moving average price of $46.73. SPDR Portfolio S&P 500 High Dividend ETF has a fifty-two week low of $41.87 and a fifty-two week high of $50.25. The stock has a market capitalization of $7.63 billion, a PE ratio of 15.73 and a beta of 0.71.

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.