Health Care SPDR (NYSEARCA:XLV) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 23,522,640 shares, an increase of 16.9% from the February 15th total of 20,115,287 shares. Based on an average trading volume of 7,429,114 shares, the short-interest ratio is currently 3.2 days.
Institutional investors and hedge funds have recently made changes to their positions in the business. Parametric Portfolio Associates LLC raised its stake in Health Care SPDR by 47.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 5,715 shares of the exchange traded fund’s stock worth $453,000 after buying an additional 1,841 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Health Care SPDR by 28.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 492,421 shares of the exchange traded fund’s stock worth $40,246,000 after buying an additional 107,985 shares during the period. Crossmark Global Holdings Inc. bought a new position in Health Care SPDR during the 3rd quarter worth about $677,000. Lockheed Martin Investment Management Co. increased its holdings in Health Care SPDR by 4.5% during the 3rd quarter. Lockheed Martin Investment Management Co. now owns 1,467,890 shares of the exchange traded fund’s stock worth $119,971,000 after purchasing an additional 63,770 shares in the last quarter. Finally, Sigma Planning Corp increased its holdings in Health Care SPDR by 3.0% during the 3rd quarter. Sigma Planning Corp now owns 29,245 shares of the exchange traded fund’s stock worth $2,390,000 after purchasing an additional 846 shares in the last quarter.
XLV traded down $1.97 during mid-day trading on Friday, reaching $79.88. The stock had a trading volume of 12,171,809 shares, compared to its average volume of 10,208,505. 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. Shareholders 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 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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