Bach Investment Advisors Ltd Takes $708,000 Position in Consumer Discretionary SPDR (XLY)

Bach Investment Advisors Ltd purchased a new position in Consumer Discretionary SPDR (NYSEARCA:XLY) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,178 shares of the exchange traded fund’s stock, valued at approximately $708,000. Consumer Discretionary SPDR accounts for approximately 0.5% of Bach Investment Advisors Ltd’s holdings, making the stock its 7th biggest position.

Other large investors have also modified their holdings of the company. Sun Life Financial INC increased its holdings 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 worth $17,828,000 after buying an additional 169,326 shares during the period. San Francisco Sentry Investment Group CA increased its holdings 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 worth $493,000 after buying an additional 939 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Consumer Discretionary SPDR by 138.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,575,851 shares of the exchange traded fund’s stock worth $141,417,000 after purchasing an additional 915,623 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Consumer Discretionary SPDR by 35.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 60,903 shares of the exchange traded fund’s stock worth $5,486,000 after purchasing an additional 16,008 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Consumer Discretionary SPDR during the 3rd quarter worth approximately $288,000.

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

Shares of Consumer Discretionary SPDR (XLY) traded up $0.05 during midday trading on Wednesday, hitting $104.33. 9,251,000 shares of the stock were exchanged, compared to its average volume of 4,354,710. The firm has a market cap of $13,870.00 and a PE ratio of 13.93. Consumer Discretionary SPDR has a twelve month low of $83.47 and a twelve month high of $106.02.

The business also recently declared 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 represents a $1.33 dividend on an annualized basis and a yield of 1.27%. This is a boost from Consumer Discretionary SPDR’s previous quarterly dividend of $0.32. Consumer Discretionary SPDR’s dividend payout ratio (DPR) is currently 15.89%.

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

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