JPMorgan Chase & Co. Raises Stock Holdings in SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD)

JPMorgan Chase & Co. lifted its stake in shares of SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) by 15.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 234,083 shares of the company’s stock after acquiring an additional 31,346 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.14% of SPDR Portfolio S&P 500 High Dividend ETF worth $10,686,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in SPYD. Brown Brothers Harriman & Co. purchased a new position in shares of SPDR Portfolio S&P 500 High Dividend ETF in the 3rd quarter valued at $33,000. Future Financial Wealth Managment LLC acquired a new position in shares of SPDR Portfolio S&P 500 High Dividend ETF during the third quarter valued at about $68,000. FSA Wealth Management LLC purchased a new position in shares of SPDR Portfolio S&P 500 High Dividend ETF in the third quarter worth $91,000. Fairscale Capital LLC acquired a new stake in SPDR Portfolio S&P 500 High Dividend ETF during the 2nd quarter worth about $126,000. Finally, Brown Miller Wealth Management LLC purchased a new stake in SPDR Portfolio S&P 500 High Dividend ETF during the 3rd quarter valued at about $232,000.

SPDR Portfolio S&P 500 High Dividend ETF Trading Down 1.6 %

Shares of NYSEARCA SPYD opened at $42.18 on Monday. The company has a 50 day simple moving average of $44.97 and a two-hundred day simple moving average of $44.24. SPDR Portfolio S&P 500 High Dividend ETF has a 12 month low of $37.35 and a 12 month high of $47.52. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 14.99 and a beta of 0.85.

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.