HealthCor Management L.P. Invests $37.46 Million in Health Care SPDR (XLV) Stock
HealthCor Management L.P. purchased a new stake in shares of Health Care SPDR (NYSE:XLV) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 472,780 shares of the exchange traded fund’s stock, valued at approximately $37,463,000. Health Care SPDR makes up about 1.4% of HealthCor Management L.P.’s investment portfolio, making the stock its 23rd largest position.
A number of other hedge funds have also added to or reduced their stakes in XLV. Ballentine Partners LLC increased its stake in shares of Health Care SPDR by 38.6% in the 2nd quarter. Ballentine Partners LLC now owns 1,576 shares of the exchange traded fund’s stock valued at $127,000 after buying an additional 439 shares during the period. Pinnacle Financial Partners Inc. acquired a new stake in shares of Health Care SPDR in the 2nd quarter valued at $134,000. Jag Capital Management LLC acquired a new stake in shares of Health Care SPDR in the 2nd quarter valued at $203,000. Brighton Jones LLC acquired a new stake in shares of Health Care SPDR in the 2nd quarter valued at $212,000. Finally, GFS Advisors LLC acquired a new stake in shares of Health Care SPDR in the 2nd quarter valued at $221,000.
COPYRIGHT VIOLATION WARNING: This piece was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/09/28/healthcor-management-l-p-invests-37-46-million-in-health-care-spdr-xlv-stock.html.
Health Care SPDR (NYSE:XLV) traded up 0.36% during midday trading on Thursday, hitting $81.47. The stock had a trading volume of 1,332,409 shares. Health Care SPDR has a 1-year low of $65.96 and a 1-year high of $83.41. The company has a 50-day moving average of $80.28 and a 200-day moving average of $77.60.
The company also recently declared a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 18th were paid a $0.3048 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Friday, September 15th.
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).
Receive News & Stock Ratings for Health Care SPDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Health Care SPDR and related stocks with our FREE daily email newsletter.