Conservest Capital Advisors Inc. reduced its position in Health Care SPDR (NYSEARCA:XLV) by 0.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 616,783 shares of the exchange traded fund’s stock after selling 4,212 shares during the period. Health Care SPDR accounts for 10.1% of Conservest Capital Advisors Inc.’s investment portfolio, making the stock its 2nd largest holding. Conservest Capital Advisors Inc.’s holdings in Health Care SPDR were worth $50,996,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of XLV. Comerica Bank lifted its position in shares of Health Care SPDR by 2.8% in the second quarter. Comerica Bank now owns 3,969 shares of the exchange traded fund’s stock worth $322,000 after buying an additional 108 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Health Care SPDR by 53.9% in the second quarter. Prudential Financial Inc. now owns 13,540 shares of the exchange traded fund’s stock worth $1,073,000 after buying an additional 4,740 shares in the last quarter. HPM Partners LLC lifted its position in shares of Health Care SPDR by 6.2% in the second quarter. HPM Partners LLC now owns 3,724 shares of the exchange traded fund’s stock worth $295,000 after buying an additional 216 shares in the last quarter. Alliancebernstein L.P. purchased a new stake in shares of Health Care SPDR in the second quarter worth about $575,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Health Care SPDR by 21.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,734 shares of the exchange traded fund’s stock worth $851,000 after buying an additional 1,924 shares in the last quarter.

Shares of Health Care SPDR (NYSEARCA:XLV) traded down $0.34 during midday trading on Wednesday, reaching $85.60. The company’s stock had a trading volume of 6,962,900 shares, compared to its average volume of 6,964,550. Health Care SPDR has a 52 week low of $68.75 and a 52 week high of $86.12. The company has a market capitalization of $17,390.00 and a PE ratio of 6.63.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th were paid a dividend of $0.3306 per share. This is a boost from Health Care SPDR’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Friday, December 15th. Health Care SPDR’s payout ratio is presently 9.44%.

WARNING: “Conservest Capital Advisors Inc. Has $51 Million Position in Health Care SPDR (XLV)” was published by Watch List News and is the sole property of of Watch List News. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/conservest-capital-advisors-inc-has-51-million-position-in-health-care-spdr-xlv/1801534.html.

About Health Care SPDR

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).

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)

Receive News & Ratings for Health Care SPDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Health Care SPDR and related companies with MarketBeat.com's FREE daily email newsletter.