Investors Buy Shares of Health Care SPDR (XLV) on Weakness
Investors bought shares of Health Care SPDR (NYSE:XLV) on weakness during trading hours on Monday. $93.21 million flowed into the stock on the tick-up and $56.35 million flowed out of the stock on the tick-down, for a money net flow of $36.86 million into the stock. Of all companies tracked, Health Care SPDR had the 11th highest net in-flow for the day. Health Care SPDR traded down ($0.21) for the day and closed at $83.67
The company has a 50 day moving average price of $82.36 and a 200 day moving average price of $78.77.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Monday, September 18th were given a $0.3048 dividend. This represents a $1.22 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Friday, September 15th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ballentine Partners LLC grew its position in Health Care SPDR by 38.6% in the 2nd quarter. Ballentine Partners LLC now owns 1,576 shares of the exchange traded fund’s stock valued at $127,000 after purchasing an additional 439 shares during the period. Pinnacle Financial Partners Inc. bought a new position in Health Care SPDR during the 2nd quarter valued at $134,000. Jag Capital Management LLC bought a new position in Health Care SPDR during the 2nd quarter valued at $203,000. Brighton Jones LLC bought a new position in Health Care SPDR during the 2nd quarter valued at $212,000. Finally, GFS Advisors LLC bought a new position in Health Care SPDR during the 2nd quarter valued at $221,000.
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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).
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