Wintrust Investments LLC Reduces Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Wintrust Investments LLC lowered its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 60.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 246 shares of the company’s stock after selling 378 shares during the period. Wintrust Investments LLC’s holdings in SPDR S&P Dividend ETF were worth $32,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth approximately $397,657,000. Joel Isaacson & Co. LLC boosted its position in shares of SPDR S&P Dividend ETF by 2.2% during the 4th quarter. Joel Isaacson & Co. LLC now owns 2,516,645 shares of the company’s stock worth $332,449,000 after purchasing an additional 54,648 shares during the period. JPMorgan Chase & Co. boosted its position in shares of SPDR S&P Dividend ETF by 13.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock worth $147,161,000 after purchasing an additional 122,858 shares during the period. Destination Wealth Management boosted its position in shares of SPDR S&P Dividend ETF by 0.3% during the 3rd quarter. Destination Wealth Management now owns 700,423 shares of the company’s stock worth $99,488,000 after purchasing an additional 2,366 shares during the period. Finally, Assetmark Inc. boosted its position in shares of SPDR S&P Dividend ETF by 267,004.3% during the 4th quarter. Assetmark Inc. now owns 678,445 shares of the company’s stock worth $89,623,000 after purchasing an additional 678,191 shares during the period.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY opened at $133.09 on Friday. The stock has a market capitalization of $19.91 billion, a P/E ratio of 21.48 and a beta of 0.88. The company has a 50 day moving average price of $134.36 and a 200 day moving average price of $137.73. SPDR S&P Dividend ETF has a fifty-two week low of $124.37 and a fifty-two week 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.