Traders Buy Health Care SPDR (XLV) on Weakness

Investors bought shares of Health Care SPDR (NYSEARCA:XLV) on weakness during trading hours on Friday. $117.33 million flowed into the stock on the tick-up and $42.21 million flowed out of the stock on the tick-down, for a money net flow of $75.12 million into the stock. Of all companies tracked, Health Care SPDR had the 4th highest net in-flow for the day. Health Care SPDR traded down ($0.27) for the day and closed at $82.91

The company has a market cap of $17,070.00 and a PE ratio of 6.42.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Monday, December 18th will be given a $0.3306 dividend. This is a positive change from Health Care SPDR’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, December 15th. This represents a $1.32 annualized dividend and a dividend yield of 1.59%. Health Care SPDR’s dividend payout ratio (DPR) is 9.44%.

Several large investors have recently bought and sold shares of the company. Fagan Associates Inc. raised its stake in Health Care SPDR by 0.3% during the second quarter. Fagan Associates Inc. now owns 4,429 shares of the exchange traded fund’s stock worth $351,000 after purchasing an additional 13 shares during the period. ELCO Management Co. LLC raised its stake in Health Care SPDR by 1.0% during the second quarter. ELCO Management Co. LLC now owns 4,971 shares of the exchange traded fund’s stock worth $394,000 after purchasing an additional 51 shares during the period. Raab & Moskowitz Asset Management LLC raised its stake in Health Care SPDR by 1.3% during the second quarter. Raab & Moskowitz Asset Management LLC now owns 4,936 shares of the exchange traded fund’s stock worth $386,000 after purchasing an additional 65 shares during the period. Chemical Bank raised its stake in Health Care SPDR by 1.8% during the second quarter. Chemical Bank now owns 3,590 shares of the exchange traded fund’s stock worth $284,000 after purchasing an additional 65 shares during the period. Finally, Gofen & Glossberg LLC IL raised its stake in Health Care SPDR by 2.0% during the second quarter. Gofen & Glossberg LLC IL now owns 3,671 shares of the exchange traded fund’s stock worth $291,000 after purchasing an additional 71 shares during the period.

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About Health Care SPDR

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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