Suntrust Banks Inc. trimmed its holdings in shares of Consumer Discretionary SPDR (NYSE:XLY) by 12.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,725 shares of the exchange traded fund’s stock after selling 8,815 shares during the period. Suntrust Banks Inc.’s holdings in Consumer Discretionary SPDR were worth $5,621,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Ballentine Partners LLC raised its stake in shares of Consumer Discretionary SPDR by 24.9% during the 2nd quarter. Ballentine Partners LLC now owns 1,659 shares of the exchange traded fund’s stock worth $152,000 after buying an additional 331 shares in the last quarter. Carroll Financial Associates Inc. raised its stake in shares of Consumer Discretionary SPDR by 61.0% during the 2nd quarter. Carroll Financial Associates Inc. now owns 1,702 shares of the exchange traded fund’s stock worth $152,000 after buying an additional 645 shares in the last quarter. BRYN MAWR TRUST Co purchased a new position in shares of Consumer Discretionary SPDR during the 2nd quarter worth approximately $204,000. RFG Advisory Group LLC purchased a new position in shares of Consumer Discretionary SPDR during the 2nd quarter worth approximately $208,000. Finally, Puplava Financial Services Inc. raised its stake in shares of Consumer Discretionary SPDR by 5.8% during the 2nd quarter. Puplava Financial Services Inc. now owns 2,454 shares of the exchange traded fund’s stock worth $220,000 after buying an additional 135 shares in the last quarter.
Shares of Consumer Discretionary SPDR (XLY) traded up 0.17% during trading on Friday, hitting $89.54. The stock had a trading volume of 3,116,275 shares. The firm’s 50-day moving average is $89.76 and its 200-day moving average is $89.36. Consumer Discretionary SPDR has a one year low of $76.61 and a one year high of $92.55.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 18th will be issued a dividend of $0.318 per share. This represents a $1.27 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Friday, September 15th. This is a boost from Consumer Discretionary SPDR’s previous quarterly dividend of $0.27.
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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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