SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Trading Down 0.9% – Time to Sell?

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD)’s share price dropped 0.9% during trading on Monday . The company traded as low as $42.94 and last traded at $43.01. Approximately 1,259,670 shares changed hands during mid-day trading, an increase of 15% from the average daily volume of 1,093,951 shares. The stock had previously closed at $43.41.

SPDR Portfolio S&P 500 High Dividend ETF Trading Down 0.9 %

The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 14.99 and a beta of 0.85. The firm has a 50 day moving average price of $45.21 and a two-hundred day moving average price of $44.15.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC lifted its position in SPDR Portfolio S&P 500 High Dividend ETF by 1,137.0% during the 2nd quarter. Parallel Advisors LLC now owns 14,696 shares of the company’s stock worth $591,000 after acquiring an additional 13,508 shares in the last quarter. Waterloo Capital L.P. acquired a new position in shares of SPDR Portfolio S&P 500 High Dividend ETF during the second quarter worth $2,382,000. Fairscale Capital LLC purchased a new position in shares of SPDR Portfolio S&P 500 High Dividend ETF in the second quarter valued at $126,000. Heartwood Wealth Advisors LLC grew its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 3.9% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 113,061 shares of the company’s stock valued at $5,161,000 after purchasing an additional 4,257 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new stake in SPDR Portfolio S&P 500 High Dividend ETF during the 3rd quarter worth $68,000.

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.