Investors Buy Shares of SPDR S&P Retail (ETF) (XRT) on Weakness
Investors bought shares of SPDR S&P Retail (ETF) (NYSE:XRT) on weakness during trading hours on Wednesday. $60.86 million flowed into the stock on the tick-up and $16.23 million flowed out of the stock on the tick-down, for a money net flow of $44.63 million into the stock. Of all stocks tracked, SPDR S&P Retail (ETF) had the 9th highest net in-flow for the day. SPDR S&P Retail (ETF) traded down ($0.35) for the day and closed at $43.86
The firm’s 50 day moving average is $42.11 and its 200-day moving average is $42.74.
The company also recently declared a quarterly dividend, which was paid on Monday, June 27th. Shareholders of record on Tuesday, June 21st were given a dividend of $0.1523 per share. This represents a $0.61 annualized dividend and a yield of 1.39%. This is a positive change from SPDR S&P Retail (ETF)’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, June 17th.
A hedge fund recently raised its stake in SPDR S&P Retail (ETF) stock. Toth Financial boosted its stake in SPDR S&P Retail (ETF) (NYSE:XRT) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,727 shares of the company’s stock after buying an additional 1,726 shares during the period. SPDR S&P Retail (ETF) comprises 1.5% of Toth Financial’s holdings, making the stock its 28th largest position. Toth Financial’s holdings in SPDR S&P Retail (ETF) were worth $4,572,000 at the end of the most recent quarter.
SPDR S&P Retail ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Retail Select Industry Index (the Index). The Index is an equal weighted market cap index. The Index represents the retail sub-industry portion of the S&P Total Market Index. The Fund invests in industries, such as apparel retail, automotive retail, food retail, department stores, Internet retail, general merchandise stores, drug retail, and hypermarkets and super centers.
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