Traders Buy Shares of SPDR S&P Retail (XRT) on Weakness

Investors purchased shares of SPDR S&P Retail (NYSEARCA:XRT) on weakness during trading hours on Wednesday. $101.34 million flowed into the stock on the tick-up and $33.56 million flowed out of the stock on the tick-down, for a money net flow of $67.78 million into the stock. Of all stocks tracked, SPDR S&P Retail had the 7th highest net in-flow for the day. SPDR S&P Retail traded down ($0.03) for the day and closed at $45.98

The company has a market capitalization of $687.95 and a P/E ratio of -11.01.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Monday, December 18th were paid a $0.1962 dividend. The ex-dividend date was Friday, December 15th. This represents a $0.78 dividend on an annualized basis and a yield of 1.72%. This is a boost from SPDR S&P Retail’s previous quarterly dividend of $0.18. SPDR S&P Retail’s payout ratio is presently -16.63%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC boosted its position in SPDR S&P Retail by 7,285.7% in the second quarter. Advisory Services Network LLC now owns 3,102 shares of the exchange traded fund’s stock valued at $126,000 after buying an additional 3,060 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in SPDR S&P Retail in the second quarter valued at about $281,000. Almanack Investment Partners LLC. boosted its position in SPDR S&P Retail by 124.3% in the second quarter. Almanack Investment Partners LLC. now owns 8,697 shares of the exchange traded fund’s stock valued at $354,000 after buying an additional 4,820 shares in the last quarter. Grimes & Company Inc. acquired a new position in SPDR S&P Retail in the third quarter valued at about $479,000. Finally, Royal Bank of Canada boosted its position in SPDR S&P Retail by 103.8% in the second quarter. Royal Bank of Canada now owns 11,874 shares of the exchange traded fund’s stock valued at $484,000 after buying an additional 327,482 shares in the last quarter.

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SPDR S&P Retail Company Profile

SPDR S&P Retail ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Retail Select Industry Index (the Index). The Index is an equal weighted market cap index. The Index represents the retail sub-industry portion of the S&P Total Market Index. The Fund invests in industries, such as apparel retail, automotive retail, food retail, department stores, Internet retail, general merchandise stores, drug retail, and hypermarkets and super centers.

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