SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Hits New 1-Year High – What’s Next?

Shares of SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) reached a new 52-week high on Wednesday . The stock traded as high as $48.54 and last traded at $48.53, with a volume of 308569 shares. The stock had previously closed at $48.19.

SPDR Portfolio S&P 500 High Dividend ETF Stock Up 0.6%

The company has a fifty day simple moving average of $46.74 and a two-hundred day simple moving average of $45.74. The stock has a market capitalization of $7.63 billion, a P/E ratio of 15.73 and a beta of 0.71.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Auto Owners Insurance Co lifted its holdings in 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 acquiring an additional 116,797,500 shares in the last quarter. LPL Financial LLC boosted its stake in SPDR Portfolio S&P 500 High Dividend ETF by 1.0% in the 4th quarter. LPL Financial LLC now owns 4,524,639 shares of the company’s stock worth $195,691,000 after purchasing an additional 43,656 shares during the period. Ameriprise Financial Inc. boosted its stake in SPDR Portfolio S&P 500 High Dividend ETF by 7.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,040,675 shares of the company’s stock worth $177,792,000 after purchasing an additional 276,334 shares during the period. Bank of America Corp DE boosted its stake in SPDR Portfolio S&P 500 High Dividend ETF by 0.9% in the 1st quarter. Bank of America Corp DE now owns 3,356,512 shares of the company’s stock worth $152,788,000 after purchasing an additional 30,295 shares during the period. Finally, Morgan Stanley boosted its stake 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 period.

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.