Investors Buy Shares of Consumer Discretionary SPDR (XLY) on Weakness

Investors bought shares of Consumer Discretionary SPDR (NYSE:XLY) on weakness during trading on Monday. $68.15 million flowed into the stock on the tick-up and $45.40 million flowed out of the stock on the tick-down, for a money net flow of $22.75 million into the stock. Of all stocks tracked, Consumer Discretionary SPDR had the 28th highest net in-flow for the day. Consumer Discretionary SPDR traded down ($0.31) for the day and closed at $89.32

The company has a 50-day moving average of $89.82 and a 200 day moving average of $89.35.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 18th will be issued a dividend of $0.318 per share. This is a boost from Consumer Discretionary SPDR’s previous quarterly dividend of $0.27. This represents a $1.27 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, September 15th.

Hedge funds have recently bought and sold shares of the stock. Carroll Financial Associates Inc. boosted 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 worth $152,000 after purchasing an additional 645 shares during the period. Ballentine Partners LLC boosted its holdings in shares of Consumer Discretionary SPDR by 24.9% during the second quarter. Ballentine Partners LLC now owns 1,659 shares of the exchange traded fund’s stock worth $152,000 after purchasing an additional 331 shares during the period. Signet Financial Management LLC acquired a new stake in shares of Consumer Discretionary SPDR during the second quarter worth approximately $157,000. McAdam LLC acquired a new stake in shares of Consumer Discretionary SPDR during the second quarter worth approximately $202,000. Finally, BRYN MAWR TRUST Co acquired a new stake in shares of Consumer Discretionary SPDR during the second quarter worth approximately $204,000.

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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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