NewEdge Advisors LLC Sells 79,227 Shares of SPDR Portfolio S&P 500 High Dividend ETF $SPYD

NewEdge Advisors LLC decreased its position in SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) by 70.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,984 shares of the company’s stock after selling 79,227 shares during the quarter. NewEdge Advisors LLC’s holdings in SPDR Portfolio S&P 500 High Dividend ETF were worth $1,547,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPYD. Auto Owners Insurance Co boosted its holdings in shares of SPDR Portfolio S&P 500 High Dividend ETF by 5,697.4% during the fourth quarter. Auto Owners Insurance Co now owns 118,847,500 shares of the company’s stock worth $5,140,154,000 after purchasing an additional 116,797,500 shares during the period. LPL Financial LLC grew its stake in shares of SPDR Portfolio S&P 500 High Dividend ETF by 1.0% in the fourth quarter. LPL Financial LLC now owns 4,524,639 shares of the company’s stock worth $195,691,000 after purchasing an additional 43,656 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 7.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,040,675 shares of the company’s stock valued at $177,792,000 after purchasing an additional 276,334 shares during the period. Bank of America Corp DE increased its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 0.9% during the 1st quarter. Bank of America Corp DE now owns 3,356,512 shares of the company’s stock valued at $152,788,000 after purchasing an additional 30,295 shares during the period. Finally, Morgan Stanley increased its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 4.3% during the 4th quarter. Morgan Stanley now owns 1,546,240 shares of the company’s stock valued at $66,875,000 after purchasing an additional 63,369 shares during the period.

SPDR Portfolio S&P 500 High Dividend ETF Price Performance

SPYD opened at $49.50 on Friday. SPDR Portfolio S&P 500 High Dividend ETF has a one year low of $41.87 and a one year high of $50.90. The business has a 50 day simple moving average of $48.41 and a two-hundred day simple moving average of $47.00. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of 15.73 and a beta of 0.71.

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.