AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) Trading Down 0.5% – Here’s Why

AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDVGet Free Report) fell 0.5% during trading on Monday . The company traded as low as $39.78 and last traded at $39.81. 4,528 shares traded hands during trading, a decline of 45% from the average session volume of 8,269 shares. The stock had previously closed at $40.03.

AAM S&P 500 High Dividend Value ETF Price Performance

The company’s 50-day moving average is $38.94 and its 200-day moving average is $37.83. The firm has a market capitalization of $101.08 million, a price-to-earnings ratio of 13.65 and a beta of 0.74.

Institutional Trading of AAM S&P 500 High Dividend Value ETF

An institutional investor recently raised its position in AAM S&P 500 High Dividend Value ETF stock. JPMorgan Chase & Co. lifted its position in shares of AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDVFree Report) by 309.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,743 shares of the company’s stock after buying an additional 2,073 shares during the period. JPMorgan Chase & Co. owned approximately 0.13% of AAM S&P 500 High Dividend Value ETF worth $89,000 as of its most recent SEC filing.

About AAM S&P 500 High Dividend Value ETF

(Get Free Report)

The AAM S&P 500 High Dividend Value ETF (SPDV) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-caps selected for high dividend and free-cash-flow yields. Securities are equally-weighted. SPDV was launched on Nov 28, 2017 and is managed by AAM.

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