Elite Financial Inc. Grows Stock Position in SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD)

Elite Financial Inc. boosted its position in shares of SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) by 159.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 191,884 shares of the company’s stock after buying an additional 117,803 shares during the quarter. SPDR Portfolio S&P 500 High Dividend ETF accounts for approximately 4.5% of Elite Financial Inc.’s investment portfolio, making the stock its 11th largest position. Elite Financial Inc. owned 0.12% of SPDR Portfolio S&P 500 High Dividend ETF worth $8,492,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of SPYD. NBC Securities Inc. purchased a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF in the first quarter worth approximately $25,000. Golden State Wealth Management LLC grew its position in SPDR Portfolio S&P 500 High Dividend ETF by 103.2% in the 1st quarter. Golden State Wealth Management LLC now owns 575 shares of the company’s stock valued at $26,000 after acquiring an additional 292 shares during the last quarter. AdvisorNet Financial Inc increased its stake in SPDR Portfolio S&P 500 High Dividend ETF by 387.1% in the first quarter. AdvisorNet Financial Inc now owns 755 shares of the company’s stock worth $33,000 after purchasing an additional 600 shares during the period. Westside Investment Management Inc. bought a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF during the first quarter worth $40,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF during the fourth quarter valued at $45,000.

SPDR Portfolio S&P 500 High Dividend ETF Price Performance

SPYD stock opened at $43.51 on Friday. SPDR Portfolio S&P 500 High Dividend ETF has a 12 month low of $37.92 and a 12 month high of $47.52. The firm’s 50-day moving average is $42.43 and its 200 day moving average is $42.96. The company has a market capitalization of $7.00 billion, a PE ratio of 15.73 and a beta of 0.99.

SPDR Portfolio S&P 500 High Dividend ETF 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.