15-Nov-2024
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The SPDR Portfolio S&P 500 High Dividend ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 500 High Dividend Index (the "Index"). The S&P 500 High Dividend Index is designed to measure the performance of the top 80 dividend-paying securities listed on the S&P 500 Index, based on dividend yield. The S&P 500 Index focuses on the large capitalization U.S. equity market, including common stock and real estate investment trusts ("REITs"). To determine dividend yield: (i) an indicated dividend is measured by taking the latest dividend paid (excluding special payments) multiplied by the annual frequency of the payment; and (ii) the indicated dividend is then divided by the companys share price at the date of rebalancing.
SPDR Series Trust SPDR Portfolio S&P 500 High Dividend ETF trades on the ARCA stock market under the symbol SPYD.
As of November 15, 2024, SPYD stock price climbed to $45.62 with 705,640 million shares trading.
SPYD has a beta of 0.40, meaning it tends to be less sensitive to market movements. SPYD has a correlation of 0.14 to the broad based SPY ETF.
SPYD has a market cap of $6.91 billion. This is considered a Mid Cap stock.
In the last 3 years, SPYD traded as high as $46.47 and as low as $32.88.
SPYD has outperformed the market in the last year with a return of +32.5%, while the SPY ETF gained +31.8%. In the last 3 month period, SPYD beat the market returning +6.2%, while SPY returned +6.2%. However, in the most recent 2 weeks SPYD has underperformed the stock market by returning +2.0%, while SPY returned +2.6%.
SPYD support price is $45.20 and resistance is $46.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPYD shares will trade within this expected range on the day.