AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) Shares Up 0.3% – Time to Buy?

AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) traded up 0.3% during mid-day trading on Monday . The stock traded as high as $40.95 and last traded at $40.93. 3,774 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 9,051 shares. The stock had previously closed at $40.80.

AAM S&P 500 High Dividend Value ETF Price Performance

The firm’s 50-day moving average price is $39.53 and its 200 day moving average price is $38.31. The firm has a market capitalization of $104.37 million, a price-to-earnings ratio of 13.65 and a beta of 0.74.

Institutional Investors Weigh In On AAM S&P 500 High Dividend Value ETF

An institutional investor recently raised its stake in AAM S&P 500 High Dividend Value ETF stock. JPMorgan Chase & Co. raised its stake in AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) by 309.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,743 shares of the company’s stock after acquiring an additional 2,073 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.13% of AAM S&P 500 High Dividend Value ETF worth $89,000 at the end of the most recent quarter.

About AAM S&P 500 High Dividend Value ETF

The AAM S&P 500 High Dividend Value ETF (SPDV) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-caps selected for high dividend and free-cash-flow yields. Securities are equally-weighted. SPDV was launched on Nov 28, 2017 and is managed by AAM.