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

Linscomb Wealth Inc. decreased its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 295,257 shares of the company’s stock after selling 8,171 shares during the period. SPDR S&P Dividend ETF makes up about 2.1% of Linscomb Wealth Inc.’s holdings, making the stock its 10th biggest holding. Linscomb Wealth Inc. owned approximately 0.19% of SPDR S&P Dividend ETF worth $41,938,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC purchased a new stake in SPDR S&P Dividend ETF during the 3rd quarter valued at $207,000. King Wealth Management Group boosted its position in SPDR S&P Dividend ETF by 9.1% during the 3rd quarter. King Wealth Management Group now owns 2,997 shares of the company’s stock valued at $426,000 after buying an additional 251 shares during the period. Summit Asset Management LLC purchased a new stake in SPDR S&P Dividend ETF during the 3rd quarter valued at $210,000. Kovack Advisors Inc. boosted its position in SPDR S&P Dividend ETF by 2.9% during the 3rd quarter. Kovack Advisors Inc. now owns 7,225 shares of the company’s stock valued at $1,026,000 after buying an additional 203 shares during the period. Finally, Pinnacle Financial Partners Inc boosted its position in SPDR S&P Dividend ETF by 1.0% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 10,889 shares of the company’s stock valued at $1,547,000 after buying an additional 112 shares during the period.

SPDR S&P Dividend ETF Price Performance

SDY traded down $0.13 during trading on Friday, hitting $139.77. 30,005 shares of the stock traded hands, compared to its average volume of 280,645. The firm has a market capitalization of $22.11 billion, a P/E ratio of 19.72 and a beta of 0.68. The firm has a 50-day moving average of $140.64 and a 200 day moving average of $134.64. SPDR S&P Dividend ETF has a 12-month low of $117.25 and a 12-month high of $144.06.

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.