Investors sold shares of Consumer Discretionary SPDR (NYSE:XLY) on strength during trading on Wednesday. $53.07 million flowed into the stock on the tick-up and $100.22 million flowed out of the stock on the tick-down, for a money net flow of $47.15 million out of the stock. Of all equities tracked, Consumer Discretionary SPDR had the 0th highest net out-flow for the day. Consumer Discretionary SPDR traded up $0.47 for the day and closed at $91.10

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

The company has a 50 day moving average of $89.55 and a 200 day moving average of $89.59.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Monday, September 18th were issued a dividend of $0.318 per share. This represents a $1.27 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Friday, September 15th. This is an increase from Consumer Discretionary SPDR’s previous quarterly dividend of $0.27.

Institutional investors and hedge funds have recently bought and sold shares of the company. Sun Life Financial INC increased its stake in shares of Consumer Discretionary SPDR by 572.5% in the second quarter. Sun Life Financial INC now owns 198,902 shares of the exchange traded fund’s stock worth $17,828,000 after purchasing an additional 169,326 shares in the last quarter. Synovus Financial Corp boosted its position in shares of Consumer Discretionary SPDR by 36.4% in the second quarter. Synovus Financial Corp now owns 37,191 shares of the exchange traded fund’s stock valued at $3,335,000 after acquiring an additional 9,919 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Consumer Discretionary SPDR by 142.3% in the second quarter. JPMorgan Chase & Co. now owns 660,228 shares of the exchange traded fund’s stock valued at $59,177,000 after acquiring an additional 387,703 shares during the period. WestEnd Advisors LLC boosted its position in shares of Consumer Discretionary SPDR by 33.0% in the second quarter. WestEnd Advisors LLC now owns 127,587 shares of the exchange traded fund’s stock valued at $11,436,000 after acquiring an additional 31,626 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Consumer Discretionary SPDR by 11.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 53,968 shares of the exchange traded fund’s stock valued at $4,837,000 after acquiring an additional 5,355 shares during the period.

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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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