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%.

ILLEGAL ACTIVITY NOTICE: This article was first reported by Daily Political and is the sole property of of Daily Political. If you are reading this article on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.dailypolitical.com/2017/09/21/mml-investors-services-llc-invests-11-47-million-in-health-care-spdr-xlv-stock.html.

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).

Want to see what other hedge funds are holding XLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Health Care SPDR (NYSE:XLV).

Institutional Ownership by Quarter for Health Care SPDR (NYSE:XLV)

Receive News & Ratings for Health Care SPDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Health Care SPDR and related companies with MarketBeat.com's FREE daily email newsletter.