Risk Paradigm Group LLC boosted its holdings in Consumer Discretionary SPDR (NYSEARCA:XLY) by 21.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,771 shares of the exchange traded fund’s stock after purchasing an additional 1,034 shares during the quarter. Risk Paradigm Group LLC’s holdings in Consumer Discretionary SPDR were worth $520,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of XLY. Puplava Financial Services Inc. increased its holdings in Consumer Discretionary SPDR by 5.8% in the second quarter. Puplava Financial Services Inc. now owns 2,454 shares of the exchange traded fund’s stock worth $220,000 after purchasing an additional 135 shares in the last quarter. Carroll Financial Associates Inc. increased its holdings in shares of Consumer Discretionary SPDR by 61.0% during the second quarter. Carroll Financial Associates Inc. now owns 1,702 shares of the exchange traded fund’s stock valued at $152,000 after acquiring an additional 645 shares in the last quarter. Smith Salley & Associates increased its holdings in shares of Consumer Discretionary SPDR by 0.9% during the second quarter. Smith Salley & Associates now owns 14,835 shares of the exchange traded fund’s stock valued at $1,330,000 after acquiring an additional 133 shares in the last quarter. Montecito Bank & Trust increased its holdings in shares of Consumer Discretionary SPDR by 64.0% during the second quarter. Montecito Bank & Trust now owns 15,552 shares of the exchange traded fund’s stock valued at $1,394,000 after acquiring an additional 6,069 shares in the last quarter. Finally, First Heartland Consultants Inc. increased its holdings in shares of Consumer Discretionary SPDR by 2.4% during the second quarter. First Heartland Consultants Inc. now owns 19,622 shares of the exchange traded fund’s stock valued at $1,759,000 after acquiring an additional 451 shares in the last quarter.

TRADEMARK VIOLATION NOTICE: This article was originally posted by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at https://www.watchlistnews.com/consumer-discretionary-spdr-xly-shares-bought-by-risk-paradigm-group-llc/1720156.html.

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

Consumer Discretionary SPDR (NYSEARCA XLY) traded up $0.58 during midday trading on Wednesday, hitting $94.30. The stock had a trading volume of 5,015,000 shares, compared to its average volume of 4,176,314. Consumer Discretionary SPDR has a 52-week low of $81.15 and a 52-week high of $94.36.

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.

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

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