Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Health Care SPDR (NYSEARCA:XLV) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 189,406 shares of the exchange traded fund’s stock after buying an additional 6,771 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned about 0.10% of Health Care SPDR worth $15,659,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Front Row Advisors LLC acquired a new stake in Health Care SPDR in the fourth quarter valued at about $104,000. SeaCrest Wealth Management LLC acquired a new stake in Health Care SPDR in the fourth quarter valued at about $116,000. Cerebellum GP LLC acquired a new stake in Health Care SPDR in the fourth quarter valued at about $128,000. WealthTrust Arizona LLC acquired a new stake in Health Care SPDR in the fourth quarter valued at about $129,000. Finally, Crewe Advisors LLC acquired a new stake in Health Care SPDR in the fourth quarter valued at about $131,000.
Shares of NYSEARCA:XLV opened at $79.90 on Friday. Health Care SPDR has a 52 week low of $73.16 and a 52 week high of $91.79.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Monday, March 19th were given a $0.2997 dividend. The ex-dividend date was Friday, March 16th. This represents a $1.20 dividend on an annualized basis and a yield of 1.50%.
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Health Care SPDR 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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