SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Reaches New 52-Week Low – Should You Sell?

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $37.92 and last traded at $38.19, with a volume of 653049 shares. The stock had previously closed at $38.81.

SPDR Portfolio S&P 500 High Dividend ETF Trading Up 1.5 %

The company has a market capitalization of $6.32 billion, a P/E ratio of 18.46 and a beta of 0.86. The stock has a 50 day moving average price of $43.55 and a 200 day moving average price of $44.42.

Institutional Trading of SPDR Portfolio S&P 500 High Dividend ETF

A number of hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its holdings in shares of SPDR Portfolio S&P 500 High Dividend ETF by 1.2% during the fourth quarter. Ameriprise Financial Inc. now owns 2,838,146 shares of the company’s stock worth $122,729,000 after purchasing an additional 33,798 shares during the period. SBI Securities Co. Ltd. acquired a new position in SPDR Portfolio S&P 500 High Dividend ETF during the 4th quarter worth about $64,781,000. JPMorgan Chase & Co. grew its position in shares of SPDR Portfolio S&P 500 High Dividend ETF by 38.9% in the 4th quarter. JPMorgan Chase & Co. now owns 325,212 shares of the company’s stock valued at $14,062,000 after buying an additional 91,129 shares during the last quarter. Waterloo Capital L.P. grew its position in shares of SPDR Portfolio S&P 500 High Dividend ETF by 9.4% in the 4th quarter. Waterloo Capital L.P. now owns 301,229 shares of the company’s stock valued at $13,025,000 after buying an additional 25,963 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of SPDR Portfolio S&P 500 High Dividend ETF by 3,190.0% in the fourth quarter. BNP Paribas Financial Markets now owns 213,125 shares of the company’s stock valued at $9,216,000 after buying an additional 206,647 shares during the period.

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.