Consumer Discretionary SPDR (XLY) Position Boosted by Wagner Bowman Management Corp
Wagner Bowman Management Corp increased its holdings in Consumer Discretionary SPDR (NYSEARCA:XLY) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,906 shares of the exchange traded fund’s stock after buying an additional 1,932 shares during the quarter. Consumer Discretionary SPDR comprises 1.4% of Wagner Bowman Management Corp’s portfolio, making the stock its 13th largest holding. Wagner Bowman Management Corp’s holdings in Consumer Discretionary SPDR were worth $4,946,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of XLY. Ballentine Partners LLC grew its holdings in Consumer Discretionary SPDR by 24.9% in the 2nd quarter. Ballentine Partners LLC now owns 1,659 shares of the exchange traded fund’s stock worth $152,000 after buying an additional 331 shares in the last quarter. Signet Financial Management LLC bought a new position in Consumer Discretionary SPDR in the 2nd quarter worth approximately $157,000. Schroder Investment Management Group grew its holdings in Consumer Discretionary SPDR by 72.2% in the 3rd quarter. Schroder Investment Management Group now owns 1,860 shares of the exchange traded fund’s stock worth $167,000 after buying an additional 780 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in Consumer Discretionary SPDR by 117.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,862 shares of the exchange traded fund’s stock worth $168,000 after buying an additional 1,004 shares in the last quarter. Finally, McAdam LLC bought a new position in Consumer Discretionary SPDR in the 2nd quarter worth approximately $202,000.
Shares of Consumer Discretionary SPDR (NYSEARCA XLY) traded up $0.27 during midday trading on Friday, reaching $98.15. The company’s stock had a trading volume of 4,247,300 shares, compared to its average volume of 4,246,750. Consumer Discretionary SPDR has a 52-week low of $81.15 and a 52-week high of $98.37.
Separately, Morgan Stanley lowered Consumer Discretionary SPDR to an “underweight” rating in a research note on Monday, September 25th.
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Consumer Discretionary SPDR Company 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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