Bainco International Investors reduced its holdings in Health Care SPDR (NYSEARCA:XLV) by 36.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,185 shares of the exchange traded fund’s stock after selling 9,468 shares during the quarter. Bainco International Investors’ holdings in Health Care SPDR were worth $1,400,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Health Care SPDR by 23.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,974,567 shares of the exchange traded fund’s stock worth $853,930,000 after buying an additional 1,714,344 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of Health Care SPDR in the 3rd quarter valued at $159,753,000. Morgan Stanley increased its position in shares of Health Care SPDR by 22.4% in the 3rd quarter. Morgan Stanley now owns 7,691,407 shares of the exchange traded fund’s stock valued at $731,837,000 after buying an additional 1,409,812 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Health Care SPDR in the 3rd quarter valued at $121,627,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Health Care SPDR in the 3rd quarter valued at $120,075,000.
Health Care SPDR stock opened at $87.52 on Friday. Health Care SPDR has a one year low of $78.74 and a one year high of $96.06.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 27th. Stockholders of record on Monday, December 24th were paid a dividend of $0.3795 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.73%. This is an increase from Health Care SPDR’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Friday, December 21st.
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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).
Read More: Diversification in Investing
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