SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Hits New 52-Week High – Should You Buy?

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $50.90 and last traded at $50.83, with a volume of 180478 shares trading hands. The stock had previously closed at $50.43.

SPDR Portfolio S&P 500 High Dividend ETF Stock Down 0.5%

The stock has a market capitalization of $8.87 billion, a price-to-earnings ratio of 15.73 and a beta of 0.71. The firm has a fifty day moving average of $49.14 and a 200-day moving average of $47.62.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SPYD. Modus Advisors LLC purchased a new position in SPDR Portfolio S&P 500 High Dividend ETF in the 4th quarter valued at about $28,000. Compass Financial Management LLC acquired a new position in SPDR Portfolio S&P 500 High Dividend ETF in the 2nd quarter valued at $30,000. SHP Wealth Management acquired a new position in SPDR Portfolio S&P 500 High Dividend ETF in the 4th quarter valued at $43,000. Highland Investment Advisors LLC purchased a new position in shares of SPDR Portfolio S&P 500 High Dividend ETF during the 2nd quarter worth $51,000. Finally, Matrix Private Capital Group LLC purchased a new position in shares of SPDR Portfolio S&P 500 High Dividend ETF during the 1st quarter worth $53,000.

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.