SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Reaches New 1-Year High – Here’s What Happened

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $49.35 and last traded at $49.23, with a volume of 192052 shares. The stock had previously closed at $48.62.

SPDR Portfolio S&P 500 High Dividend ETF Stock Up 1.6%

The stock has a market capitalization of $7.61 billion, a P/E ratio of 15.73 and a beta of 0.71. The company has a fifty day simple moving average of $47.73 and a two-hundred day simple moving average of $46.52.

Hedge Funds Weigh In On SPDR Portfolio S&P 500 High Dividend ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Baird Financial Group Inc. lifted its stake in SPDR Portfolio S&P 500 High Dividend ETF by 8.0% in the second quarter. Baird Financial Group Inc. now owns 49,563 shares of the company’s stock valued at $2,103,000 after buying an additional 3,655 shares in the last quarter. Brown Advisory Inc. lifted its position in SPDR Portfolio S&P 500 High Dividend ETF by 23.6% in the 2nd quarter. Brown Advisory Inc. now owns 10,955 shares of the company’s stock valued at $465,000 after acquiring an additional 2,090 shares in the last quarter. NewEdge Advisors LLC lifted its position in SPDR Portfolio S&P 500 High Dividend ETF by 3.0% in the 2nd quarter. NewEdge Advisors LLC now owns 100,812 shares of the company’s stock valued at $4,278,000 after acquiring an additional 2,902 shares in the last quarter. Main Street Financial Solutions LLC boosted its stake in SPDR Portfolio S&P 500 High Dividend ETF by 2.7% in the 2nd quarter. Main Street Financial Solutions LLC now owns 20,996 shares of the company’s stock worth $891,000 after purchasing an additional 546 shares during the period. Finally, HUB Investment Partners LLC boosted its stake in SPDR Portfolio S&P 500 High Dividend ETF by 11.7% in the 2nd quarter. HUB Investment Partners LLC now owns 5,622 shares of the company’s stock worth $239,000 after purchasing an additional 588 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.