Fort Point Capital Partners LLC Sells 7,519 Shares of SPDR S&P Dividend ETF $SDY

Fort Point Capital Partners LLC decreased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 46.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,650 shares of the company’s stock after selling 7,519 shares during the period. Fort Point Capital Partners LLC’s holdings in SPDR S&P Dividend ETF were worth $1,211,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. CVA Family Office LLC lifted its position in shares of SPDR S&P Dividend ETF by 60.0% during the 3rd quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after acquiring an additional 75 shares during the period. Flagship Wealth Advisors LLC grew its holdings in SPDR S&P Dividend ETF by 625.0% in the third quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after purchasing an additional 175 shares during the period. Compass Financial Services Inc acquired a new stake in SPDR S&P Dividend ETF in the third quarter worth $29,000. Delos Wealth Advisors LLC bought a new stake in SPDR S&P Dividend ETF in the third quarter valued at $29,000. Finally, Global Wealth Strategies & Associates increased its stake in SPDR S&P Dividend ETF by 985.0% in the third quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock valued at $30,000 after purchasing an additional 197 shares in the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Up 0.2%

Shares of NYSEARCA SDY opened at $148.56 on Monday. The firm has a market capitalization of $21.07 billion, a P/E ratio of 19.85 and a beta of 0.79. The firm’s 50-day moving average price is $150.03 and its 200-day moving average price is $143.13. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $156.39.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.