Traders Buy Shares of Health Care Select Sector SPDR Fund (XLV) on Weakness

Traders purchased shares of Health Care Select Sector SPDR Fund (NYSEARCA:XLV) on weakness during trading hours on Monday. $216.52 million flowed into the stock on the tick-up and $97.69 million flowed out of the stock on the tick-down, for a money net flow of $118.83 million into the stock. Of all companies tracked, Health Care Select Sector SPDR Fund had the 9th highest net in-flow for the day. Health Care Select Sector SPDR Fund traded down ($0.63) for the day and closed at $90.44

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 26th. Shareholders of record on Monday, September 24th were given a dividend of $0.3671 per share. This is an increase from Health Care Select Sector SPDR Fund’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, September 21st. This represents a $1.47 annualized dividend and a yield of 1.58%.

A number of institutional investors have recently added to or reduced their stakes in XLV. United Asset Strategies Inc. grew its position in shares of Health Care Select Sector SPDR Fund by 22.8% in the second quarter. United Asset Strategies Inc. now owns 123,159 shares of the exchange traded fund’s stock valued at $10,279,000 after purchasing an additional 22,879 shares during the period. Pennsylvania Trust Co purchased a new stake in shares of Health Care Select Sector SPDR Fund in the second quarter valued at $1,426,000. Alps Advisors Inc. grew its position in shares of Health Care Select Sector SPDR Fund by 4.0% in the second quarter. Alps Advisors Inc. now owns 202,820 shares of the exchange traded fund’s stock valued at $16,769,000 after purchasing an additional 7,872 shares during the period. Stillwater Capital Advisors LLC grew its position in shares of Health Care Select Sector SPDR Fund by 3.6% in the second quarter. Stillwater Capital Advisors LLC now owns 60,139 shares of the exchange traded fund’s stock valued at $5,019,000 after purchasing an additional 2,094 shares during the period. Finally, Suntrust Banks Inc. grew its position in shares of Health Care Select Sector SPDR Fund by 30.2% in the first quarter. Suntrust Banks Inc. now owns 168,173 shares of the exchange traded fund’s stock valued at $13,688,000 after purchasing an additional 39,017 shares during the period.

Health Care Select Sector SPDR Fund Company Profile (NYSEARCA:XLV)

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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