Fortis Capital Advisors LLC Cuts Holdings in SPDR S&P Dividend ETF $SDY

Fortis Capital Advisors LLC trimmed its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 18.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,146 shares of the company’s stock after selling 475 shares during the quarter. Fortis Capital Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $291,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Joel Isaacson & Co. LLC boosted its stake in SPDR S&P Dividend ETF by 1.7% in the first quarter. Joel Isaacson & Co. LLC now owns 2,558,258 shares of the company’s stock valued at $347,104,000 after acquiring an additional 41,613 shares during the last quarter. Royal Bank of Canada boosted its stake in SPDR S&P Dividend ETF by 0.9% in the first quarter. Royal Bank of Canada now owns 2,371,561 shares of the company’s stock valued at $321,773,000 after acquiring an additional 20,594 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in SPDR S&P Dividend ETF by 0.8% in the first quarter. Commonwealth Equity Services LLC now owns 1,112,558 shares of the company’s stock valued at $150,952,000 after acquiring an additional 8,613 shares during the last quarter. Cetera Investment Advisers boosted its stake in SPDR S&P Dividend ETF by 0.6% in the first quarter. Cetera Investment Advisers now owns 695,720 shares of the company’s stock valued at $94,395,000 after acquiring an additional 3,830 shares during the last quarter. Finally, Elk River Wealth Management LLC boosted its stake in SPDR S&P Dividend ETF by 0.6% in the second quarter. Elk River Wealth Management LLC now owns 413,123 shares of the company’s stock valued at $56,074,000 after acquiring an additional 2,487 shares during the last quarter. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Up 0.5%

SDY opened at $140.64 on Friday. The stock has a market cap of $20.34 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month high of $144.45. The company’s 50-day moving average price is $139.83 and its two-hundred day moving average price is $135.93.

SPDR S&P Dividend ETF 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.