No relief once again in the markets. The two sectors that have kept my portfolio balance steady all year (Healthcare & Utilities) finally cracked as utility stocks lead the declines in the market for the week and bringing my portfolio down significantly. Here are my trades for the week:
- Schwab U.S. Dividend Equity ETF – increased position – Every week seems to yield a new 52 week low. Grabbed 7 shares @ $66.77 and a 3.7% yield.
- CTO Realty Growth (CTO) – increased position – Their properties escaped any major damage from Hurricane Ian. Grabbed 5 shares @ $18.40 and a 8.26% yield
- Allete Inc. (ALE) – increased position – Share price cratered on continued rate hike fears for this utility company. Grabbed 4 shares @ $51.27 and a 5.07% yield.