Investors Buy Consumer Discretionary SPDR (XLY) on Weakness

Investors bought shares of Consumer Discretionary SPDR (NYSEARCA:XLY) on weakness during trading hours on Monday. $44.56 million flowed into the stock on the tick-up and $28.49 million flowed out of the stock on the tick-down, for a money net flow of $16.07 million into the stock. Of all stocks tracked, Consumer Discretionary SPDR had the 21st highest net in-flow for the day. Consumer Discretionary SPDR traded down ($0.58) for the day and closed at $98.69

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

The stock has a market capitalization of $12,910.00 and a price-to-earnings ratio of 13.18.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Monday, December 18th were paid a $0.3319 dividend. The ex-dividend date of this dividend was Friday, December 15th. This is a positive change from Consumer Discretionary SPDR’s previous quarterly dividend of $0.32. This represents a $1.33 dividend on an annualized basis and a yield of 1.35%. Consumer Discretionary SPDR’s dividend payout ratio is 15.89%.

Several institutional investors have recently made changes to their positions in XLY. Swan Global Investments LLC increased its holdings in Consumer Discretionary SPDR by 6.4% in the 3rd quarter. Swan Global Investments LLC now owns 4,190,097 shares of the exchange traded fund’s stock worth $376,019,000 after buying an additional 252,615 shares during the period. Ameriprise Financial Inc. increased its holdings in Consumer Discretionary SPDR by 20.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,924,107 shares of the exchange traded fund’s stock worth $173,334,000 after buying an additional 327,378 shares during the period. JPMorgan Chase & Co. increased its holdings in Consumer Discretionary SPDR by 138.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,575,851 shares of the exchange traded fund’s stock worth $141,417,000 after buying an additional 915,623 shares during the period. Janney Montgomery Scott LLC increased its holdings in Consumer Discretionary SPDR by 9.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,036,177 shares of the exchange traded fund’s stock worth $93,339,000 after buying an additional 88,902 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in Consumer Discretionary SPDR by 96.9% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 937,048 shares of the exchange traded fund’s stock worth $83,993,000 after buying an additional 461,229 shares during the period.

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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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