SPDR Portfolio S&P 500 High Dividend ETF $SPYD Stake Lessened by Innovative Wealth Building LLC

Innovative Wealth Building LLC lowered its holdings in SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) by 14.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,680 shares of the company’s stock after selling 10,063 shares during the period. SPDR Portfolio S&P 500 High Dividend ETF makes up 2.1% of Innovative Wealth Building LLC’s portfolio, making the stock its 15th biggest position. Innovative Wealth Building LLC’s holdings in SPDR Portfolio S&P 500 High Dividend ETF were worth $2,490,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SPYD. Financial Gravity Asset Management Inc. purchased a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF in the first quarter valued at $11,665,000. Elite Financial Inc. lifted its holdings in shares of SPDR Portfolio S&P 500 High Dividend ETF by 159.0% in the first quarter. Elite Financial Inc. now owns 191,884 shares of the company’s stock valued at $8,492,000 after purchasing an additional 117,803 shares in the last quarter. First Command Advisory Services Inc. lifted its holdings in shares of SPDR Portfolio S&P 500 High Dividend ETF by 7.4% in the first quarter. First Command Advisory Services Inc. now owns 835,116 shares of the company’s stock valued at $36,962,000 after purchasing an additional 57,232 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of SPDR Portfolio S&P 500 High Dividend ETF by 1.1% during the first quarter. Ameriprise Financial Inc. now owns 2,868,008 shares of the company’s stock worth $126,946,000 after acquiring an additional 29,862 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of SPDR Portfolio S&P 500 High Dividend ETF by 1.9% during the first quarter. SBI Securities Co. Ltd. now owns 1,527,178 shares of the company’s stock worth $67,593,000 after acquiring an additional 29,003 shares in the last quarter.

SPDR Portfolio S&P 500 High Dividend ETF Trading Up 0.7%

Shares of NYSEARCA:SPYD opened at $44.28 on Friday. SPDR Portfolio S&P 500 High Dividend ETF has a 1 year low of $37.92 and a 1 year high of $47.52. The business has a fifty day simple moving average of $44.01 and a 200 day simple moving average of $42.98. The firm has a market cap of $7.39 billion, a price-to-earnings ratio of 15.73 and a beta of 0.99.

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.