SPYD Stock Summary and Trading Ideas (SPDR Series Trust SPDR Portfolio S&P 500 High Dividend ETF | ARCA:SPYD)

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 April 23, 2024, SPYD stock price climbed to $39.63 with 446,324 million shares trading.

SPYD has a beta of 0.90, meaning it tends to be less sensitive to market movements. SPYD has a correlation of 0.44 to the broad based SPY ETF.

SPYD has a market cap of $6.76 billion. This is considered a Mid Cap stock.

In the last 3 years, SPYD stock traded as high as $45.83 and as low as $32.88.

SPYD has underperformed the market in the last year with a return of +9.2%, while the SPY ETF gained +24.1%. In the last 3 month period, SPYD fell short of the market, returning +3.6%, while SPY returned +4.8%. However, in the most recent 2 weeks SPYD has outperformed the stock market by returning -1.6%, while SPY returned -2.7%.

SPYD support price is $38.95 and resistance is $39.79 (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 stock will trade within this expected range on the day.