Dumont & Blake Investment Advisors LLC Raises Position in SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD)

Dumont & Blake Investment Advisors LLC grew its stake in SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) by 30.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,268 shares of the company’s stock after purchasing an additional 8,499 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in SPDR Portfolio S&P 500 High Dividend ETF were worth $1,476,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Westend Capital Management LLC purchased a new stake in SPDR Portfolio S&P 500 High Dividend ETF in the 1st quarter worth about $52,000. Anchor Investment Management LLC bought a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF during the 4th quarter worth approximately $59,000. Future Financial Wealth Managment LLC purchased a new position in SPDR Portfolio S&P 500 High Dividend ETF during the 1st quarter valued at $60,000. ICA Group Wealth Management LLC bought a new position in SPDR Portfolio S&P 500 High Dividend ETF in the 4th quarter valued at $61,000. Finally, Tsfg LLC purchased a new stake in SPDR Portfolio S&P 500 High Dividend ETF in the first quarter worth $81,000.

SPDR Portfolio S&P 500 High Dividend ETF Trading Up 0.9 %

Shares of SPYD traded up $0.34 during trading hours on Friday, reaching $40.23. 1,038,974 shares of the company traded hands, compared to its average volume of 1,098,630. The stock’s fifty day moving average price is $40.33 and its 200 day moving average price is $39.53. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of 14.99 and a beta of 0.85. SPDR Portfolio S&P 500 High Dividend ETF has a 12-month low of $32.88 and a 12-month high of $41.58.

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.