SPDR S&P Dividend ETF (NYSEARCA:SDY) Holdings Boosted by Linscomb Wealth Inc.

Linscomb Wealth Inc. raised its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 297,665 shares of the company’s stock after buying an additional 2,408 shares during the period. SPDR S&P Dividend ETF comprises 2.0% of Linscomb Wealth Inc.’s portfolio, making the stock its 10th largest holding. Linscomb Wealth Inc. owned 0.19% of SPDR S&P Dividend ETF worth $39,321,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Avion Wealth lifted its position in SPDR S&P Dividend ETF by 164.5% during the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of SPDR S&P Dividend ETF in the third quarter worth about $31,000. Kestra Investment Management LLC purchased a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at about $31,000. JNBA Financial Advisors bought a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter valued at approximately $32,000. Finally, Assetmark Inc. increased its holdings in SPDR S&P Dividend ETF by 192.0% in the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after acquiring an additional 167 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

SDY opened at $136.47 on Friday. The stock has a market cap of $20.42 billion, a price-to-earnings ratio of 21.48 and a beta of 0.88. The firm’s fifty day moving average is $133.60 and its 200 day moving average is $137.67. SPDR S&P Dividend ETF has a fifty-two week low of $124.37 and a fifty-two week high of $144.45.

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.