MML Investors Services LLC Invests $11.47 Million in Health Care SPDR (XLV) Stock
MML Investors Services LLC acquired a new position in Health Care SPDR (NYSE:XLV) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 144,694 shares of the exchange traded fund’s stock, valued at approximately $11,466,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ballentine Partners LLC boosted its holdings 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 worth $127,000 after buying an additional 439 shares during the period. Pinnacle Financial Partners Inc. bought a new position in Health Care SPDR in the 2nd quarter worth approximately $134,000. Jag Capital Management LLC bought a new position in Health Care SPDR in the 2nd quarter worth approximately $203,000. Brighton Jones LLC bought a new position in Health Care SPDR in the 2nd quarter worth approximately $212,000. Finally, GFS Advisors LLC bought a new position in Health Care SPDR in the 2nd quarter worth approximately $221,000.
Health Care SPDR (XLV) traded down 0.21% on Thursday, reaching $81.83. 1,030,092 shares of the company traded hands. The stock’s 50-day moving average is $80.28 and its 200-day moving average is $77.60. Health Care SPDR has a 1-year low of $65.96 and a 1-year high of $83.41.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 18th will be given a dividend of $0.3048 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $1.22 annualized dividend and a yield of 1.49%.
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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