Traders Sell Health Care SPDR (XLV) on Strength (XLV)
Investors sold shares of Health Care SPDR (NYSE:XLV) on strength during trading hours on Thursday. $43.77 million flowed into the stock on the tick-up and $179.42 million flowed out of the stock on the tick-down, for a money net flow of $135.65 million out of the stock. Of all stocks tracked, Health Care SPDR had the 0th highest net out-flow for the day. Health Care SPDR traded up $0.13 for the day and closed at $79.66
The stock’s 50-day moving average price is $79.58 and its 200 day moving average price is $75.62.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ballentine Partners LLC raised its position in Health Care SPDR by 38.6% in the second quarter. Ballentine Partners LLC now owns 1,576 shares of the exchange traded fund’s stock valued at $127,000 after buying an additional 439 shares during the last quarter. Pinnacle Financial Partners Inc. purchased a new position in Health Care SPDR during the second quarter valued at about $134,000. Jag Capital Management LLC purchased a new position in Health Care SPDR during the second quarter valued at about $203,000. United Bank purchased a new position in Health Care SPDR during the second quarter valued at about $224,000. Finally, Hartford Financial Management Inc. purchased a new position in Health Care SPDR during the second quarter valued at about $236,000.
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About Health Care SPDR
Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500).
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