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

Linscomb Wealth Inc. cut its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 283,959 shares of the company’s stock after selling 2,571 shares during the period. SPDR S&P Dividend ETF makes up 1.8% of Linscomb Wealth Inc.’s holdings, making the stock its 11th biggest holding. Linscomb Wealth Inc. owned approximately 0.19% of SPDR S&P Dividend ETF worth $38,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. Joel Isaacson & Co. LLC increased its position in shares of SPDR S&P Dividend ETF by 3.4% during the second quarter. Joel Isaacson & Co. LLC now owns 2,644,937 shares of the company’s stock valued at $358,997,000 after acquiring an additional 86,679 shares during the last quarter. Royal Bank of Canada increased its position in shares of SPDR S&P Dividend ETF by 0.9% during the first quarter. Royal Bank of Canada now owns 2,371,561 shares of the company’s stock valued at $321,773,000 after acquiring an additional 20,594 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of SPDR S&P Dividend ETF by 0.8% during the first quarter. Commonwealth Equity Services LLC now owns 1,112,558 shares of the company’s stock valued at $150,952,000 after acquiring an additional 8,613 shares during the last quarter. Cetera Investment Advisers increased its position in shares of SPDR S&P Dividend ETF by 0.6% during the first quarter. Cetera Investment Advisers now owns 695,720 shares of the company’s stock valued at $94,395,000 after acquiring an additional 3,830 shares during the last quarter. Finally, Elk River Wealth Management LLC increased its position in shares of SPDR S&P Dividend ETF by 0.6% during the second quarter. Elk River Wealth Management LLC now owns 413,123 shares of the company’s stock valued at $56,074,000 after acquiring an additional 2,487 shares during the last quarter. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Price Performance

Shares of SDY opened at $137.34 on Friday. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $144.45. The stock has a market cap of $19.77 billion, a PE ratio of 19.85 and a beta of 0.79. The firm has a 50-day simple moving average of $139.84 and a two-hundred day simple moving average of $137.04.

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.