Evercore Wealth Management LLC Has $198,000 Holdings in Consumer Discretionary SPDR (XLY)
Evercore Wealth Management LLC continued to hold its position in Consumer Discretionary SPDR (NYSE:XLY) during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,210 shares of the exchange traded fund’s stock at the end of the 2nd quarter. Evercore Wealth Management LLC’s holdings in Consumer Discretionary SPDR were worth $198,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its position in Consumer Discretionary SPDR by 34.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,596,729 shares of the exchange traded fund’s stock worth $143,179,000 after purchasing an additional 413,031 shares during the period. Nippon Life Insurance Co. boosted its position in Consumer Discretionary SPDR by 51.6% during the 2nd quarter. Nippon Life Insurance Co. now owns 1,022,600 shares of the exchange traded fund’s stock worth $91,656,000 after purchasing an additional 348,000 shares during the period. Janney Montgomery Scott LLC boosted its position in Consumer Discretionary SPDR by 3.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 947,275 shares of the exchange traded fund’s stock worth $84,904,000 after purchasing an additional 30,345 shares during the period. BNP Paribas Arbitrage SA boosted its position in Consumer Discretionary SPDR by 4.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 933,312 shares of the exchange traded fund’s stock worth $83,653,000 after purchasing an additional 37,199 shares during the period. Finally, AGF Investments Inc. boosted its position in Consumer Discretionary SPDR by 15.9% during the 2nd quarter. AGF Investments Inc. now owns 712,923 shares of the exchange traded fund’s stock worth $63,934,000 after purchasing an additional 97,763 shares during the period.
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Shares of Consumer Discretionary SPDR (NYSE XLY) opened at 90.08 on Friday. Consumer Discretionary SPDR has a 12 month low of $76.61 and a 12 month high of $92.55. The company’s 50-day moving average is $89.76 and its 200-day moving average is $89.36.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 18th were issued a dividend of $0.318 per share. The ex-dividend date was Friday, September 15th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 1.41%. This is an increase from Consumer Discretionary SPDR’s previous quarterly dividend of $0.27.
Separately, Morgan Stanley cut shares of Consumer Discretionary SPDR to an “underweight” rating in a research report on Monday, September 25th.
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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