SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Reaches New 1-Year High – Time to Buy?

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) reached a new 52-week high during trading on Monday . The company traded as high as $46.42 and last traded at $46.42, with a volume of 234525 shares traded. The stock had previously closed at $46.01.

SPDR Portfolio S&P 500 High Dividend ETF Stock Down 1.0 %

The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 14.99 and a beta of 0.85. The firm’s 50 day moving average is $45.34 and its 200 day moving average is $42.85.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. BIP Wealth LLC lifted its position in shares of SPDR Portfolio S&P 500 High Dividend ETF by 0.7% in the 3rd quarter. BIP Wealth LLC now owns 146,798 shares of the company’s stock valued at $6,701,000 after acquiring an additional 1,051 shares in the last quarter. Mainstream Capital Management LLC acquired a new position in shares of SPDR Portfolio S&P 500 High Dividend ETF in the 3rd quarter valued at about $300,000. Farther Finance Advisors LLC lifted its position in shares of SPDR Portfolio S&P 500 High Dividend ETF by 0.6% in the third quarter. Farther Finance Advisors LLC now owns 39,794 shares of the company’s stock worth $1,817,000 after purchasing an additional 245 shares in the last quarter. AMI Asset Management Corp acquired a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF during the third quarter worth approximately $549,000. Finally, Whittier Trust Co. grew its position in SPDR Portfolio S&P 500 High Dividend ETF by 217.2% during the third quarter. Whittier Trust Co. now owns 5,842 shares of the company’s stock valued at $267,000 after purchasing an additional 4,000 shares in the last quarter.

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.