Hanlon Investment Management Inc. reduced its holdings in shares of Consumer Discretionary SPDR (NYSEARCA:XLY) by 92.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,045 shares of the exchange traded fund’s stock after selling 137,476 shares during the period. Consumer Discretionary SPDR accounts for about 2.2% of Hanlon Investment Management Inc.’s investment portfolio, making the stock its 14th largest holding. Hanlon Investment Management Inc.’s holdings in Consumer Discretionary SPDR were worth $995,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in Consumer Discretionary SPDR by 138.7% in the third quarter. JPMorgan Chase & Co. now owns 1,575,851 shares of the exchange traded fund’s stock worth $141,417,000 after buying an additional 915,623 shares during the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives purchased a new position in Consumer Discretionary SPDR in the third quarter worth about $50,175,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Consumer Discretionary SPDR by 96.9% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 937,048 shares of the exchange traded fund’s stock worth $83,993,000 after buying an additional 461,229 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Consumer Discretionary SPDR by 34.9% in the second quarter. Ameriprise Financial Inc. now owns 1,596,729 shares of the exchange traded fund’s stock worth $143,179,000 after buying an additional 413,031 shares during the last quarter. Finally, Nippon Life Insurance Co. raised its holdings in Consumer Discretionary SPDR by 51.6% in the second quarter. Nippon Life Insurance Co. now owns 1,022,600 shares of the exchange traded fund’s stock worth $91,656,000 after buying an additional 348,000 shares during the last quarter.

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

Shares of Consumer Discretionary SPDR (NYSEARCA XLY) traded up $0.16 during trading on Wednesday, reaching $97.66. 2,759,000 shares of the company’s stock traded hands, compared to its average volume of 4,250,070. Consumer Discretionary SPDR has a twelve month low of $81.15 and a twelve month high of $98.37.

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About Consumer Discretionary SPDR

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)

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