Envestnet Asset Management Inc. Sells 151,738 Shares of Consumer Discretionary SPDR (XLY)

Envestnet Asset Management Inc. reduced its position in Consumer Discretionary SPDR (NYSEARCA:XLY) by 20.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 586,219 shares of the exchange traded fund’s stock after selling 151,738 shares during the quarter. Envestnet Asset Management Inc. owned about 0.46% of Consumer Discretionary SPDR worth $52,810,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sun Life Financial INC increased its stake in Consumer Discretionary SPDR by 572.5% in the 2nd quarter. Sun Life Financial INC now owns 198,902 shares of the exchange traded fund’s stock valued at $17,828,000 after buying an additional 169,326 shares during the period. San Francisco Sentry Investment Group CA increased its stake in Consumer Discretionary SPDR by 20.7% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 5,475 shares of the exchange traded fund’s stock valued at $493,000 after buying an additional 939 shares during the period. Synovus Financial Corp increased its stake in Consumer Discretionary SPDR by 36.4% in the 2nd quarter. Synovus Financial Corp now owns 37,191 shares of the exchange traded fund’s stock valued at $3,335,000 after buying an additional 9,919 shares during the period. JPMorgan Chase & Co. increased its stake in Consumer Discretionary SPDR by 142.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 660,228 shares of the exchange traded fund’s stock valued at $59,177,000 after buying an additional 387,703 shares during the period. Finally, WestEnd Advisors LLC increased its stake in Consumer Discretionary SPDR by 33.0% in the 2nd quarter. WestEnd Advisors LLC now owns 127,587 shares of the exchange traded fund’s stock valued at $11,436,000 after buying an additional 31,626 shares during the period.

Shares of Consumer Discretionary SPDR (XLY) traded down $0.04 on Monday, reaching $96.61. 11,780,000 shares of the company’s stock traded hands, compared to its average volume of 4,223,886. Consumer Discretionary SPDR has a 12 month low of $81.15 and a 12 month high of $97.05.

Separately, Morgan Stanley cut shares of Consumer Discretionary SPDR to an “underweight” rating in a research note on Monday, September 25th.

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Consumer Discretionary SPDR 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.

Institutional Ownership by Quarter for Consumer Discretionary SPDR (NYSEARCA:XLY)

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