National Asset Management Inc. Purchases 3,401 Shares of Consumer Discretionary SPDR (XLY)
National Asset Management Inc. boosted its position in Consumer Discretionary SPDR (NYSE:XLY) by 36.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,849 shares of the exchange traded fund’s stock after acquiring an additional 3,401 shares during the period. National Asset Management Inc.’s holdings in Consumer Discretionary SPDR were worth $1,153,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of XLY. Carroll Financial Associates Inc. boosted its holdings in Consumer Discretionary SPDR by 61.0% in the second quarter. Carroll Financial Associates Inc. now owns 1,702 shares of the exchange traded fund’s stock valued at $152,000 after acquiring an additional 645 shares during the last quarter. Ballentine Partners LLC boosted its holdings in Consumer Discretionary SPDR by 24.9% in the second quarter. Ballentine Partners LLC now owns 1,659 shares of the exchange traded fund’s stock valued at $152,000 after acquiring an additional 331 shares during the last quarter. Signet Financial Management LLC bought a new position in Consumer Discretionary SPDR in the second quarter valued at about $157,000. BRYN MAWR TRUST Co bought a new position in Consumer Discretionary SPDR in the second quarter valued at about $204,000. Finally, RFG Advisory Group LLC bought a new position in Consumer Discretionary SPDR in the second quarter valued at about $208,000.
Consumer Discretionary SPDR (NYSE:XLY) traded up 0.3670% during trading on Friday, reaching $91.1132. The company had a trading volume of 889,230 shares. Consumer Discretionary SPDR has a 12-month low of $76.61 and a 12-month high of $92.55. The firm’s 50 day moving average price is $89.94 and its 200 day moving average price is $89.76.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Monday, September 18th were given a dividend of $0.318 per share. The ex-dividend date of this dividend was Friday, September 15th. This represents a $1.27 dividend on an annualized basis and a yield of 1.40%. This is a positive change from Consumer Discretionary SPDR’s previous quarterly dividend of $0.27.
Separately, Morgan Stanley cut Consumer Discretionary SPDR to an “underweight” rating in a report on Monday, September 25th.
About Consumer Discretionary SPDR
Consumer Discretionary Select Sector SPDR Fund seeks to provide investment results that correspond generally to the price and yield performance of the Consumer Discretionary Select Sector Index (the Index). The Index includes companies from the following industries, media; retail (specialty, multiline, Internet and catalog); hotels, restaurants and leisure; textiles, apparel and luxury goods; household durables; automobiles; auto components; distributors; leisure equipment and products; and diversified consumer services.
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