Wedbush Securities Inc. Trims Stock Position in SPDR Portfolio S&P 500 High Dividend ETF $SPYD

Wedbush Securities Inc. decreased its holdings in SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) by 13.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,026 shares of the company’s stock after selling 8,528 shares during the quarter. Wedbush Securities Inc.’s holdings in SPDR Portfolio S&P 500 High Dividend ETF were worth $2,293,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SPYD. GSB Wealth Management LLC increased its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 60.8% during the second quarter. GSB Wealth Management LLC now owns 788 shares of the company’s stock valued at $33,000 after buying an additional 298 shares during the last quarter. IFP Advisors Inc bought a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF during the 2nd quarter valued at $35,000. Access Investment Management LLC purchased a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF in the 2nd quarter worth $42,000. Westside Investment Management Inc. increased its stake in shares of SPDR Portfolio S&P 500 High Dividend ETF by 116.7% in the 2nd quarter. Westside Investment Management Inc. now owns 1,950 shares of the company’s stock worth $83,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Wealth Preservation Advisors LLC bought a new position in SPDR Portfolio S&P 500 High Dividend ETF in the 1st quarter worth $128,000.

SPDR Portfolio S&P 500 High Dividend ETF Stock Performance

NYSEARCA SPYD opened at $42.75 on Friday. The business’s fifty day moving average is $43.73 and its 200 day moving average is $43.22. SPDR Portfolio S&P 500 High Dividend ETF has a fifty-two week low of $37.92 and a fifty-two week high of $47.52. The company has a market capitalization of $7.19 billion, a PE ratio of 15.73 and a beta of 0.84.

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.