Investors Buy Shares of Health Care SPDR (XLV) on Weakness
Investors purchased shares of Health Care SPDR (NYSE:XLV) on weakness during trading hours on Monday. $95.05 million flowed into the stock on the tick-up and $48.90 million flowed out of the stock on the tick-down, for a money net flow of $46.15 million into the stock. Of all stocks tracked, Health Care SPDR had the 9th highest net in-flow for the day. Health Care SPDR traded down ($0.06) for the day and closed at $81.23
The company’s 50 day moving average is $79.64 and its 200 day moving average is $77.06.
Institutional investors and hedge funds have recently made changes to their positions in the company. Ballentine Partners LLC grew its position in Health Care SPDR by 38.6% in the 2nd 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 in the 2nd quarter valued at $134,000. Jag Capital Management LLC purchased a new position in Health Care SPDR in the 2nd quarter valued at $203,000. Brighton Jones LLC purchased a new position in Health Care SPDR in the 2nd quarter valued at $212,000. Finally, GFS Advisors LLC purchased a new position in Health Care SPDR in the 2nd quarter valued at $221,000.
Health Care SPDR Company Profile
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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