Western Wealth Management LLC raised its holdings in SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD – Free Report) by 68.8% during the first quarter, HoldingsChannel reports. The firm owned 84,506 shares of the company’s stock after acquiring an additional 34,450 shares during the quarter. Western Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 High Dividend ETF were worth $3,847,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Modus Advisors LLC acquired a new position in shares of SPDR Portfolio S&P 500 High Dividend ETF during the 4th quarter worth $28,000. Sound Income Strategies LLC lifted its position in shares of SPDR Portfolio S&P 500 High Dividend ETF by 277.8% during the 4th quarter. Sound Income Strategies LLC now owns 816 shares of the company’s stock worth $37,000 after buying an additional 600 shares during the last quarter. SHP Wealth Management acquired a new stake in SPDR Portfolio S&P 500 High Dividend ETF in the fourth quarter valued at about $43,000. Matrix Private Capital Group LLC acquired a new stake in SPDR Portfolio S&P 500 High Dividend ETF in the first quarter valued at about $53,000. Finally, Colonial Trust Advisors bought a new position in SPDR Portfolio S&P 500 High Dividend ETF in the fourth quarter valued at about $65,000.
SPDR Portfolio S&P 500 High Dividend ETF Trading Down 0.5%
Shares of NYSEARCA SPYD opened at $49.50 on Friday. The company has a market cap of $7.63 billion, a price-to-earnings ratio of 15.73 and a beta of 0.71. SPDR Portfolio S&P 500 High Dividend ETF has a 12 month low of $41.87 and a 12 month high of $50.90. The stock has a 50-day moving average price of $48.41 and a two-hundred day moving average price of $47.00.
SPDR Portfolio S&P 500 High Dividend ETF Company 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.
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Want to see what other hedge funds are holding SPYD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD – Free Report).
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