PNC Financial Services Group Inc. Buys 73,446 Shares of SPDR Portfolio S&P 500 High Dividend ETF $SPYD

PNC Financial Services Group Inc. raised its stake in SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) by 2,870.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,005 shares of the company’s stock after acquiring an additional 73,446 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SPDR Portfolio S&P 500 High Dividend ETF were worth $3,460,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of SPYD. Auto Owners Insurance Co lifted its position in shares of SPDR Portfolio S&P 500 High Dividend ETF by 5,697.4% during the fourth quarter. Auto Owners Insurance Co now owns 118,847,500 shares of the company’s stock worth $5,140,154,000 after purchasing an additional 116,797,500 shares in the last quarter. LPL Financial LLC increased its holdings in shares of SPDR Portfolio S&P 500 High Dividend ETF by 1.0% in the fourth quarter. LPL Financial LLC now owns 4,524,639 shares of the company’s stock valued at $195,691,000 after purchasing an additional 43,656 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of SPDR Portfolio S&P 500 High Dividend ETF by 7.3% in the third quarter. Ameriprise Financial Inc. now owns 4,040,675 shares of the company’s stock valued at $177,792,000 after purchasing an additional 276,334 shares in the last quarter. Bank of America Corp DE raised its position in SPDR Portfolio S&P 500 High Dividend ETF by 1.8% in the 3rd quarter. Bank of America Corp DE now owns 3,178,541 shares of the company’s stock worth $139,856,000 after purchasing an additional 55,984 shares during the last quarter. Finally, Morgan Stanley raised its position in SPDR Portfolio S&P 500 High Dividend ETF by 4.3% in the 4th quarter. Morgan Stanley now owns 1,546,240 shares of the company’s stock worth $66,875,000 after purchasing an additional 63,369 shares during the last quarter.

SPDR Portfolio S&P 500 High Dividend ETF Stock Performance

NYSEARCA:SPYD opened at $50.54 on Wednesday. The stock’s fifty day moving average price is $48.25 and its two-hundred day moving average price is $46.90. SPDR Portfolio S&P 500 High Dividend ETF has a 52-week low of $41.87 and a 52-week high of $50.90. The company has a market cap of $7.78 billion, a price-to-earnings 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.