HUB Investment Partners LLC Decreases Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

HUB Investment Partners LLC decreased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,116 shares of the company’s stock after selling 92 shares during the period. HUB Investment Partners LLC’s holdings in SPDR S&P Dividend ETF were worth $412,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $397,657,000. Assetmark Inc. grew its position in shares of SPDR S&P Dividend ETF by 267,004.3% in the 4th quarter. Assetmark Inc. now owns 678,445 shares of the company’s stock valued at $89,623,000 after buying an additional 678,191 shares during the last quarter. Independent Advisor Alliance acquired a new stake in SPDR S&P Dividend ETF during the 4th quarter worth $23,435,000. JPMorgan Chase & Co. lifted its position in SPDR S&P Dividend ETF by 13.5% in the third quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock valued at $147,161,000 after acquiring an additional 122,858 shares during the last quarter. Finally, TigerOak Management L.L.C. purchased a new position in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $16,186,000.

SPDR S&P Dividend ETF Stock Performance

SPDR S&P Dividend ETF stock opened at $134.20 on Friday. The company has a market capitalization of $19.97 billion, a P/E ratio of 20.91 and a beta of 0.87. SPDR S&P Dividend ETF has a fifty-two week low of $124.37 and a fifty-two week high of $144.45. The stock has a 50-day simple moving average of $134.92 and a 200-day simple moving average of $137.57.

SPDR S&P Dividend ETF Company Profile

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.