Bach Investment Advisors Ltd purchased a new position in shares of Consumer Discretionary SPDR (NYSEARCA:XLY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,178 shares of the exchange traded fund’s stock, valued at approximately $708,000. Consumer Discretionary SPDR accounts for about 0.5% of Bach Investment Advisors Ltd’s portfolio, making the stock its 7th largest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of XLY. JPMorgan Chase & Co. raised its holdings in shares of Consumer Discretionary SPDR by 138.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,575,851 shares of the exchange traded fund’s stock worth $141,417,000 after acquiring an additional 915,623 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives acquired a new stake in shares of Consumer Discretionary SPDR during the 3rd quarter worth about $50,175,000. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Consumer Discretionary SPDR by 96.9% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 937,048 shares of the exchange traded fund’s stock worth $83,993,000 after purchasing an additional 461,229 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Consumer Discretionary SPDR by 20.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,924,107 shares of the exchange traded fund’s stock worth $173,334,000 after purchasing an additional 327,378 shares during the last quarter. Finally, Swan Global Investments LLC increased its position in shares of Consumer Discretionary SPDR by 6.4% during the 3rd quarter. Swan Global Investments LLC now owns 4,190,097 shares of the exchange traded fund’s stock worth $376,019,000 after purchasing an additional 252,615 shares during the last quarter.

Separately, Morgan Stanley downgraded Consumer Discretionary SPDR to an “underweight” rating in a research report on Monday, September 25th.

Consumer Discretionary SPDR (XLY) traded up $0.05 during midday trading on Wednesday, reaching $104.33. The company’s stock had a trading volume of 9,251,000 shares, compared to its average volume of 4,354,710. The firm has a market cap of $13,870.00 and a P/E ratio of 13.93. Consumer Discretionary SPDR has a 52 week low of $83.47 and a 52 week high of $106.02.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th were given a $0.3319 dividend. This is an increase from Consumer Discretionary SPDR’s previous quarterly dividend of $0.32. This represents a $1.33 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Friday, December 15th. Consumer Discretionary SPDR’s payout ratio is currently 15.89%.

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Consumer Discretionary SPDR Profile

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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Institutional Ownership by Quarter for Consumer Discretionary SPDR (NYSEARCA:XLY)

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