SPDR S&P Dividend ETF $SDY Shares Sold by Linscomb Wealth Inc.

Linscomb Wealth Inc. lessened its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 278,363 shares of the company’s stock after selling 5,596 shares during the period. SPDR S&P Dividend ETF comprises 1.7% of Linscomb Wealth Inc.’s investment portfolio, making the stock its 12th biggest holding. Linscomb Wealth Inc. owned about 0.19% of SPDR S&P Dividend ETF worth $38,985,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. CVA Family Office LLC raised its stake in SPDR S&P Dividend ETF by 60.0% in the third quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after buying an additional 75 shares in the last quarter. KFA Private Wealth Group LLC raised its position in shares of SPDR S&P Dividend ETF by 4.0% during the 3rd quarter. KFA Private Wealth Group LLC now owns 2,016 shares of the company’s stock worth $282,000 after acquiring an additional 78 shares in the last quarter. Stablepoint Partners LLC lifted its stake in SPDR S&P Dividend ETF by 0.5% during the third quarter. Stablepoint Partners LLC now owns 16,249 shares of the company’s stock worth $2,276,000 after purchasing an additional 80 shares during the last quarter. Daymark Wealth Partners LLC boosted its holdings in SPDR S&P Dividend ETF by 0.8% in the second quarter. Daymark Wealth Partners LLC now owns 10,987 shares of the company’s stock valued at $1,491,000 after purchasing an additional 84 shares in the last quarter. Finally, Garrison Point Advisors LLC increased its stake in SPDR S&P Dividend ETF by 1.5% in the second quarter. Garrison Point Advisors LLC now owns 5,629 shares of the company’s stock valued at $764,000 after purchasing an additional 84 shares during the last quarter. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Trading Up 1.5%

SDY stock opened at $152.65 on Thursday. The company’s 50 day moving average is $142.90 and its two-hundred day moving average is $140.51. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month high of $153.04. The stock has a market cap of $21.65 billion, a P/E ratio of 19.85 and a beta of 0.79.

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.