Sun Life Financial INC raised its stake in shares of Consumer Discretionary SPDR (NYSE:XLY) by 572.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 198,902 shares of the exchange traded fund’s stock after purchasing an additional 169,326 shares during the period. Consumer Discretionary SPDR accounts for 1.9% of Sun Life Financial INC’s portfolio, making the stock its 10th largest holding. Sun Life Financial INC’s holdings in Consumer Discretionary SPDR were worth $17,828,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Fernwood Investment Management LLC grew its holdings in Consumer Discretionary SPDR by 1.9% during the second quarter. Fernwood Investment Management LLC now owns 2,682 shares of the exchange traded fund’s stock valued at $240,000 after purchasing an additional 50 shares during the last quarter. California Capital Advisors Inc. grew its holdings in Consumer Discretionary SPDR by 1.5% during the second quarter. California Capital Advisors Inc. now owns 4,819 shares of the exchange traded fund’s stock valued at $432,000 after purchasing an additional 69 shares during the last quarter. Merriman Wealth Management LLC grew its holdings in Consumer Discretionary SPDR by 3.1% during the second quarter. Merriman Wealth Management LLC now owns 2,846 shares of the exchange traded fund’s stock valued at $255,000 after purchasing an additional 85 shares during the last quarter. FMR LLC grew its holdings in Consumer Discretionary SPDR by 0.3% during the second quarter. FMR LLC now owns 33,378 shares of the exchange traded fund’s stock valued at $2,991,000 after purchasing an additional 91 shares during the last quarter. Finally, NewSquare Capital LLC grew its holdings in Consumer Discretionary SPDR by 0.8% during the second quarter. NewSquare Capital LLC now owns 15,177 shares of the exchange traded fund’s stock valued at $1,360,000 after purchasing an additional 125 shares during the last quarter.

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

Shares of Consumer Discretionary SPDR (NYSE:XLY) traded up 0.38% during midday trading on Friday, hitting $90.08. 3,472,016 shares of the stock traded hands. The firm’s 50 day moving average price is $89.76 and its 200 day moving average price is $89.36. Consumer Discretionary SPDR has a 12-month low of $76.61 and a 12-month high of $92.55.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Monday, September 18th were paid a $0.318 dividend. This represents a $1.27 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Friday, September 15th. This is a boost from Consumer Discretionary SPDR’s previous quarterly dividend of $0.27.

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About Consumer Discretionary SPDR

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 (NYSE:XLY)

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