Kovitz Investment Group Partners LLC Sells 676 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Kovitz Investment Group Partners LLC lowered its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,244 shares of the company’s stock after selling 676 shares during the period. Kovitz Investment Group Partners LLC’s holdings in SPDR S&P Dividend ETF were worth $2,674,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in SPDR S&P Dividend ETF during the fourth quarter worth about $397,657,000. LPL Financial LLC lifted its stake in SPDR S&P Dividend ETF by 2.1% during the fourth quarter. LPL Financial LLC now owns 2,861,694 shares of the company’s stock worth $378,030,000 after purchasing an additional 59,001 shares during the last quarter. Joel Isaacson & Co. LLC increased its holdings in shares of SPDR S&P Dividend ETF by 2.2% in the fourth quarter. Joel Isaacson & Co. LLC now owns 2,516,645 shares of the company’s stock worth $332,449,000 after buying an additional 54,648 shares during the period. Wells Fargo & Company MN increased its holdings in shares of SPDR S&P Dividend ETF by 19.0% in the fourth quarter. Wells Fargo & Company MN now owns 2,103,521 shares of the company’s stock worth $277,875,000 after buying an additional 335,483 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of SPDR S&P Dividend ETF by 63.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,688,669 shares of the company’s stock worth $223,073,000 after buying an additional 652,619 shares during the period.

SPDR S&P Dividend ETF Trading Up 0.4 %

SDY opened at $130.41 on Tuesday. The company has a market cap of $19.28 billion, a P/E ratio of 20.17 and a beta of 0.80. The business’s 50-day moving average price is $132.74 and its 200-day moving average price is $135.53. SPDR S&P Dividend ETF has a 12 month low of $119.83 and a 12 month high of $144.45.

About SPDR S&P Dividend ETF

The SPDR S&P Dividend ETF seeks to closely match the returns and characteristics of the S&P High Yield Dividend Aristocrats Index (the Index). The Index is designed to measure the performance of the 60 highest dividend yielding S&P Composite 1500 Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 consecutive years.