SPDR S&P Dividend ETF (NYSEARCA:SDY) is Linscomb Wealth Inc.’s 10th Largest Position

Linscomb Wealth Inc. trimmed its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,257 shares of the company’s stock after selling 8,171 shares during the quarter. SPDR S&P Dividend ETF comprises about 2.1% of Linscomb Wealth Inc.’s investment portfolio, making the stock its 10th biggest holding. Linscomb Wealth Inc.’s holdings in SPDR S&P Dividend ETF were worth $41,938,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SDY. Capital Performance Advisors LLP bought a new position in shares of SPDR S&P Dividend ETF in the 3rd quarter worth about $31,000. JNBA Financial Advisors bought a new position in shares of SPDR S&P Dividend ETF in the 3rd quarter worth about $32,000. Russell Investments Group Ltd. increased its stake in shares of SPDR S&P Dividend ETF by 101.6% in the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock worth $33,000 after acquiring an additional 127 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF in the 2nd quarter worth about $34,000. Finally, Assetmark Inc. increased its stake in SPDR S&P Dividend ETF by 192.0% during the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after purchasing an additional 167 shares in the last quarter.

SPDR S&P Dividend ETF Trading Down 0.1 %

NYSEARCA:SDY traded down $0.13 on Friday, reaching $139.77. 30,005 shares of the stock traded hands, compared to its average volume of 280,645. The company has a market capitalization of $22.11 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 12 month low of $117.25 and a 12 month high of $144.06. The company’s fifty day simple moving average is $140.64 and its 200 day simple moving average is $134.64.

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.