Dow Chemical Co. DE cut its position in shares of Consumer Discretionary SPDR (NYSEARCA:XLY) by 55.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,694 shares of the exchange traded fund’s stock after selling 53,428 shares during the period. Consumer Discretionary SPDR accounts for 1.0% of Dow Chemical Co. DE’s portfolio, making the stock its 14th largest holding. Dow Chemical Co. DE’s holdings in Consumer Discretionary SPDR were worth $3,846,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in XLY. Migdal Insurance & Financial Holdings Ltd. increased its position in Consumer Discretionary SPDR by 96.9% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 937,048 shares of the exchange traded fund’s stock worth $83,993,000 after purchasing an additional 461,229 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Consumer Discretionary SPDR by 34.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,596,729 shares of the exchange traded fund’s stock valued at $143,179,000 after purchasing an additional 413,031 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Consumer Discretionary SPDR by 142.3% during the second quarter. JPMorgan Chase & Co. now owns 660,228 shares of the exchange traded fund’s stock worth $59,177,000 after acquiring an additional 387,703 shares in the last quarter. Nippon Life Insurance Co. boosted its stake in Consumer Discretionary SPDR by 51.6% during the second quarter. Nippon Life Insurance Co. now owns 1,022,600 shares of the exchange traded fund’s stock worth $91,656,000 after acquiring an additional 348,000 shares in the last quarter. Finally, Swan Global Investments LLC boosted its stake in Consumer Discretionary SPDR by 6.4% during the third quarter. Swan Global Investments LLC now owns 4,190,097 shares of the exchange traded fund’s stock worth $376,019,000 after acquiring an additional 252,615 shares in the last quarter.
Separately, Morgan Stanley downgraded shares of Consumer Discretionary SPDR to an “underweight” rating in a report on Monday, September 25th.
Shares of Consumer Discretionary SPDR (NYSEARCA XLY) traded down $0.55 during trading on Wednesday, reaching $96.62. 7,484,200 shares of the company’s stock traded hands, compared to its average volume of 4,248,712. Consumer Discretionary SPDR has a twelve month low of $81.15 and a twelve month high of $98.37.
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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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