Investors Buy Shares of SPDR S&P Retail ETF (XRT) on Weakness
Investors purchased shares of SPDR S&P Retail ETF (NYSEARCA:XRT) on weakness during trading on Friday. $81.67 million flowed into the stock on the tick-up and $37.71 million flowed out of the stock on the tick-down, for a money net flow of $43.96 million into the stock. Of all companies tracked, SPDR S&P Retail ETF had the 27th highest net in-flow for the day. SPDR S&P Retail ETF traded down ($0.64) for the day and closed at $46.23
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 26th. Shareholders of record on Monday, September 24th were issued a dividend of $0.1594 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Friday, September 21st.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC grew its holdings in SPDR S&P Retail ETF by 4,382.4% during the 3rd quarter. Global Retirement Partners LLC now owns 2,286 shares of the exchange traded fund’s stock valued at $117,000 after buying an additional 2,235 shares in the last quarter. First Republic Investment Management Inc. grew its holdings in shares of SPDR S&P Retail ETF by 1.6% in the second quarter. First Republic Investment Management Inc. now owns 211,005 shares of the exchange traded fund’s stock valued at $10,247,000 after purchasing an additional 3,236 shares in the last quarter. Toth Financial Advisory Corp grew its holdings in shares of SPDR S&P Retail ETF by 3.3% in the third quarter. Toth Financial Advisory Corp now owns 116,876 shares of the exchange traded fund’s stock valued at $5,963,000 after purchasing an additional 3,787 shares in the last quarter. Parkside Investments LLC purchased a new position in shares of SPDR S&P Retail ETF in the third quarter valued at $204,000. Finally, Vestpro Financial Partners Inc. dba CPF Texas purchased a new position in shares of SPDR S&P Retail ETF in the first quarter valued at $179,000.
SPDR S&P Retail ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Retail Select Industry Index (the Index). The Index is an equal weighted market cap index. The Index represents the retail sub-industry portion of the S&P Total Market Index. The Fund invests in industries, such as apparel retail, automotive retail, food retail, department stores, Internet retail, general merchandise stores, drug retail, and hypermarkets and super centers.
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