Optimum Investment Advisors Continues to Hold Holdings in Consumer Discretionary SPDR (XLY)
Optimum Investment Advisors held its stake in shares of Consumer Discretionary SPDR (NYSE:XLY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,400 shares of the exchange traded fund’s stock at the close of the second quarter. Optimum Investment Advisors’ holdings in Consumer Discretionary SPDR were worth $215,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Carroll Financial Associates Inc. increased its stake in 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 worth $152,000 after acquiring an additional 645 shares during the last quarter. Ballentine Partners LLC raised its position in Consumer Discretionary SPDR by 24.9% in the second quarter. Ballentine Partners LLC now owns 1,659 shares of the exchange traded fund’s stock valued at $152,000 after purchasing an additional 331 shares during the period. BRYN MAWR TRUST Co purchased a new stake in Consumer Discretionary SPDR in the second quarter valued at $204,000. RFG Advisory Group LLC purchased a new stake in Consumer Discretionary SPDR in the second quarter valued at $208,000. Finally, Puplava Financial Services Inc. raised its position 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 valued at $220,000 after purchasing an additional 135 shares during the period.
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Shares of Consumer Discretionary SPDR (NYSE XLY) traded up 0.32% during mid-day trading on Wednesday, hitting $90.92. The company had a trading volume of 1,306,786 shares. The firm has a 50-day moving average of $89.47 and a 200-day moving average of $89.56. Consumer Discretionary SPDR has a 12 month low of $76.61 and a 12 month high of $92.55.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 18th were given a $0.318 dividend. The ex-dividend date was Friday, September 15th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 1.40%. This is an increase from Consumer Discretionary SPDR’s previous quarterly dividend of $0.27.
Separately, Morgan Stanley lowered Consumer Discretionary SPDR to an “underweight” rating in a research note on Monday, September 25th.
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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