Traders purchased shares of Consumer Discretionary SPDR (NYSEARCA:XLY) on weakness during trading hours on Tuesday. $109.23 million flowed into the stock on the tick-up and $57.63 million flowed out of the stock on the tick-down, for a money net flow of $51.60 million into the stock. Of all equities tracked, Consumer Discretionary SPDR had the 21st highest net in-flow for the day. Consumer Discretionary SPDR traded down ($0.14) for the day and closed at $111.78
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 20th. Stockholders of record on Monday, June 18th were paid a $0.2936 dividend. The ex-dividend date was Friday, June 15th. This represents a $1.17 annualized dividend and a dividend yield of 1.05%.
Hedge funds have recently modified their holdings of the company. Coyle Financial Counsel LLC acquired a new stake in shares of Consumer Discretionary SPDR in the first quarter valued at about $103,000. Virtue Capital Management LLC acquired a new stake in shares of Consumer Discretionary SPDR in the fourth quarter valued at about $110,000. Bedel Financial Consulting Inc. acquired a new stake in shares of Consumer Discretionary SPDR in the first quarter valued at about $127,000. Trustcore Financial Services LLC acquired a new stake in shares of Consumer Discretionary SPDR in the fourth quarter valued at about $145,000. Finally, AdvisorNet Financial Inc increased its stake in shares of Consumer Discretionary SPDR by 131.4% in the first quarter. AdvisorNet Financial Inc now owns 1,590 shares of the exchange traded fund’s stock valued at $161,000 after buying an additional 903 shares during the period.
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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