Dumont & Blake Investment Advisors LLC Lowers Holdings in SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD)

Dumont & Blake Investment Advisors LLC decreased its position in shares of SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) by 49.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 39,612 shares of the company’s stock after selling 38,069 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in SPDR Portfolio S&P 500 High Dividend ETF were worth $1,808,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC boosted its position in SPDR Portfolio S&P 500 High Dividend ETF by 1.1% in the third quarter. Valeo Financial Advisors LLC now owns 22,426 shares of the company’s stock valued at $1,024,000 after buying an additional 239 shares during the last quarter. IFG Advisory LLC increased its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 1.1% in the second quarter. IFG Advisory LLC now owns 45,461 shares of the company’s stock valued at $1,829,000 after buying an additional 502 shares in the last quarter. First PREMIER Bank raised its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 0.9% in the 3rd quarter. First PREMIER Bank now owns 76,962 shares of the company’s stock worth $3,513,000 after purchasing an additional 670 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in SPDR Portfolio S&P 500 High Dividend ETF in the 1st quarter worth $60,000. Finally, Whittier Trust Co. increased its stake in shares of SPDR Portfolio S&P 500 High Dividend ETF by 1,723.8% during the first quarter. Whittier Trust Co. now owns 1,842 shares of the company’s stock worth $75,000 after purchasing an additional 1,741 shares in the last quarter.

SPDR Portfolio S&P 500 High Dividend ETF Stock Performance

SPYD stock remained flat at $45.72 during mid-day trading on Friday. 64,704 shares of the company’s stock were exchanged, compared to its average volume of 1,081,623. The company’s fifty day moving average price is $45.04 and its 200 day moving average price is $42.27. SPDR Portfolio S&P 500 High Dividend ETF has a 12 month low of $32.88 and a 12 month high of $46.27. The stock has a market cap of $7.78 billion, a PE ratio of 14.99 and a beta of 0.85.

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.