Health Care SPDR (XLV) Stake Decreased by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. lessened its position in shares of Health Care SPDR (NYSEARCA:XLV) by 10.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,839 shares of the exchange traded fund’s stock after selling 652 shares during the period. Contravisory Investment Management Inc.’s holdings in Health Care SPDR were worth $556,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. CHURCHILL MANAGEMENT Corp bought a new position in Health Care SPDR in the 3rd quarter valued at approximately $121,627,000. Raymond James & Associates lifted its stake in Health Care SPDR by 0.3% in the 2nd quarter. Raymond James & Associates now owns 987,961 shares of the exchange traded fund’s stock valued at $82,455,000 after purchasing an additional 3,212 shares during the last quarter. AGF Investments Inc. lifted its stake in Health Care SPDR by 99.6% in the 2nd quarter. AGF Investments Inc. now owns 822,175 shares of the exchange traded fund’s stock valued at $68,619,000 after purchasing an additional 410,296 shares during the last quarter. RiverFront Investment Group LLC lifted its stake in Health Care SPDR by 0.6% in the 2nd quarter. RiverFront Investment Group LLC now owns 803,509 shares of the exchange traded fund’s stock valued at $66,923,000 after purchasing an additional 5,026 shares during the last quarter. Finally, Cornerstone Wealth Management LLC lifted its stake in Health Care SPDR by 7,169.5% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 617,257 shares of the exchange traded fund’s stock valued at $7,374,000 after purchasing an additional 608,766 shares during the last quarter.

NYSEARCA:XLV traded up $1.38 on Friday, hitting $91.07. The company had a trading volume of 20,782,900 shares, compared to its average volume of 8,559,389. Health Care SPDR has a 52 week low of $78.74 and a 52 week high of $96.06.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 26th. Investors of record on Monday, September 24th were paid a $0.3671 dividend. This is an increase from Health Care SPDR’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, September 21st. This represents a $1.47 annualized dividend and a yield of 1.61%.

Health Care SPDR Profile

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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Institutional Ownership by Quarter for Health Care SPDR (NYSEARCA:XLV)

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