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Exchange Traded Concepts LLC Sells 7,887 Shares of Simon Property Group, Inc. $SPG
Exchange Traded Concepts LLC decreased its holdings in Simon Property Group (NYSE:SPG) by 9.6% in the fourth quarter, selling 7,887 shares and retaining 74,418 shares valued at $13.776 million. Conversely, company insiders, including Directors Glyn Aeppel and Daniel C. Smith, increased their holdings through recent stock purchases. Simon Property Group also announced a $2.0 billion stock buyback program, declared a quarterly dividend of $2.20 per share (4.9% annualized yield), and exceeded Q4 earnings estimates with a reported EPS of $3.49.