Consumer Discretionary SPDR (NYSEARCA:XLY) announced a quarterly dividend on Friday, March 16th, Wall Street Journal reports. Shareholders of record on Monday, March 19th will be paid a dividend of 0.3098 per share by the exchange traded fund on Wednesday, March 21st. This represents a $1.24 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Friday, March 16th.
Consumer Discretionary SPDR (XLY) traded down $0.11 during midday trading on Friday, hitting $105.18. 3,346,756 shares of the company were exchanged, compared to its average volume of 6,851,017. Consumer Discretionary SPDR has a fifty-two week low of $85.65 and a fifty-two week high of $109.34. The firm has a market capitalization of $13,820.00 and a price-to-earnings ratio of 14.04.
A hedge fund recently bought a new stake in Consumer Discretionary SPDR stock. State Street Corp acquired a new stake in shares of Consumer Discretionary SPDR (NYSEARCA:XLY) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,318 shares of the exchange traded fund’s stock, valued at approximately $208,000.
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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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