Iberiabank Corp Trims Stake in Health Care SPDR (XLV)

Iberiabank Corp lowered its holdings in shares of Health Care SPDR (NYSEARCA:XLV) by 11.2% in the 3rd quarter, Holdings Channel reports. The firm owned 22,749 shares of the exchange traded fund’s stock after selling 2,872 shares during the quarter. Iberiabank Corp’s holdings in Health Care SPDR were worth $2,165,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XLV. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Health Care SPDR during the 3rd quarter valued at about $121,627,000. Cornerstone Wealth Management LLC increased its position in shares of Health Care SPDR by 7,169.5% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 617,257 shares of the exchange traded fund’s stock valued at $7,374,000 after purchasing an additional 608,766 shares during the last quarter. AGF Investments Inc. increased its holdings in Health Care SPDR by 99.6% in the 2nd quarter. AGF Investments Inc. now owns 822,175 shares of the exchange traded fund’s stock worth $68,619,000 after acquiring an additional 410,296 shares in the last quarter. Pinnacle Advisory Group Inc. increased its holdings in Health Care SPDR by 68.5% in the 2nd quarter. Pinnacle Advisory Group Inc. now owns 496,517 shares of the exchange traded fund’s stock worth $41,439,000 after acquiring an additional 201,780 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Health Care SPDR by 26.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 553,501 shares of the exchange traded fund’s stock worth $46,196,000 after acquiring an additional 115,502 shares in the last quarter.

Health Care SPDR stock traded up $1.38 during midday trading on Friday, hitting $91.07. The stock had a trading volume of 20,782,900 shares, compared to its average volume of 8,559,389. Health Care SPDR has a 52-week low of $78.74 and a 52-week high of $96.06.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 26th. Investors of record on Monday, September 24th were issued a $0.3671 dividend. This represents a $1.47 annualized dividend and a yield of 1.61%. This is a positive change from Health Care SPDR’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, September 21st.

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).

Read More: Average Daily Trade Volume – What You Need to Know

Want to see what other hedge funds are holding XLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Health Care SPDR (NYSEARCA:XLV).

Institutional Ownership by Quarter for Health Care SPDR (NYSEARCA:XLV)

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