SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Sets New 52-Week High – Here’s Why

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) shares hit a new 52-week high during trading on Thursday . The company traded as high as $46.47 and last traded at $46.44, with a volume of 468697 shares trading hands. The stock had previously closed at $45.87.

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

The company has a market cap of $7.95 billion, a P/E ratio of 14.99 and a beta of 0.85. The business has a 50-day moving average price of $45.52 and a two-hundred day moving average price of $43.20.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. acquired a new position in SPDR Portfolio S&P 500 High Dividend ETF in the third quarter valued at about $33,000. Future Financial Wealth Managment LLC bought a new stake in SPDR Portfolio S&P 500 High Dividend ETF during the 3rd quarter worth approximately $68,000. FSA Wealth Management LLC acquired a new stake in SPDR Portfolio S&P 500 High Dividend ETF during the 3rd quarter worth approximately $91,000. Fairscale Capital LLC bought a new position in SPDR Portfolio S&P 500 High Dividend ETF in the second quarter valued at approximately $126,000. Finally, Family Firm Inc. acquired a new position in shares of SPDR Portfolio S&P 500 High Dividend ETF in the second quarter valued at approximately $173,000.

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.