Royal Bank of Canada Cuts Position in SPDR Portfolio S&P 500 High Dividend ETF $SPYD

Royal Bank of Canada decreased its stake in SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) by 10.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 474,540 shares of the company’s stock after selling 53,752 shares during the period. Royal Bank of Canada owned 0.30% of SPDR Portfolio S&P 500 High Dividend ETF worth $21,601,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Modus Advisors LLC purchased a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF in the fourth quarter worth about $28,000. Sound Income Strategies LLC raised its position in SPDR Portfolio S&P 500 High Dividend ETF by 277.8% during the fourth quarter. Sound Income Strategies LLC now owns 816 shares of the company’s stock valued at $37,000 after purchasing an additional 600 shares in the last quarter. SHP Wealth Management bought a new stake in SPDR Portfolio S&P 500 High Dividend ETF in the 4th quarter worth approximately $43,000. Matrix Private Capital Group LLC bought a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF in the 1st quarter worth approximately $53,000. Finally, Colonial Trust Advisors purchased a new stake in SPDR Portfolio S&P 500 High Dividend ETF during the fourth quarter valued at about $65,000.

SPDR Portfolio S&P 500 High Dividend ETF Stock Performance

NYSEARCA:SPYD opened at $49.88 on Thursday. The firm has a market cap of $8.77 billion, a PE ratio of 15.73 and a beta of 0.71. SPDR Portfolio S&P 500 High Dividend ETF has a fifty-two week low of $41.87 and a fifty-two week high of $50.90. The business has a 50 day moving average price of $48.54 and a 200-day moving average price of $47.13.

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.