Fortis Capital Management LLC Lowers Stake in SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX)

Fortis Capital Management LLC cut its stake in SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,027 shares of the company’s stock after selling 385 shares during the quarter. Fortis Capital Management LLC’s holdings in SPDR S&P Fossil Fuel Reserves Free ETF were worth $3,468,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 1.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 481,273 shares of the company’s stock worth $23,173,000 after acquiring an additional 8,195 shares in the last quarter. Gemmer Asset Management LLC grew its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 5.6% in the fourth quarter. Gemmer Asset Management LLC now owns 388,075 shares of the company’s stock worth $18,686,000 after purchasing an additional 20,646 shares during the last quarter. Institute for Wealth Management LLC. increased its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 5.8% during the fourth quarter. Institute for Wealth Management LLC. now owns 138,175 shares of the company’s stock worth $6,653,000 after purchasing an additional 7,526 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 8.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 137,418 shares of the company’s stock valued at $6,617,000 after purchasing an additional 11,043 shares during the last quarter. Finally, Flputnam Investment Management Co. boosted its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 6.1% in the 4th quarter. Flputnam Investment Management Co. now owns 77,329 shares of the company’s stock worth $3,723,000 after purchasing an additional 4,430 shares in the last quarter.

SPDR S&P Fossil Fuel Reserves Free ETF Price Performance

Shares of SPYX stock opened at $46.33 on Friday. The stock’s fifty day moving average price is $48.51 and its 200 day moving average price is $48.13. SPDR S&P Fossil Fuel Reserves Free ETF has a 1-year low of $40.31 and a 1-year high of $50.35. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 25.12 and a beta of 1.00.

SPDR S&P Fossil Fuel Reserves Free ETF Profile

The SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) is an exchange-traded fund that is based on the S&P 500 Fossil Fuel Free index. The fund follows an S&P 500- based index excluding companies with known fossil fuel reserves. SPYX was launched on Nov 30, 2015 and is managed by State Street.