Meitav Dash Investments Ltd. bought a new position in shares of Health Care SPDR (NYSEARCA:XLV) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 86,570 shares of the exchange traded fund’s stock, valued at approximately $7,132,000.
Several other hedge funds also recently made changes to their positions in XLV. Parametric Portfolio Associates LLC lifted its position in shares of Health Care SPDR by 47.5% during the second quarter. Parametric Portfolio Associates LLC now owns 5,715 shares of the exchange traded fund’s stock worth $453,000 after purchasing an additional 1,841 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Health Care SPDR by 18.0% in the third quarter. Bank of New York Mellon Corp now owns 56,008 shares of the exchange traded fund’s stock valued at $4,578,000 after buying an additional 8,545 shares during the period. Ameriprise Financial Inc. lifted its holdings in Health Care SPDR by 6.5% in the third quarter. Ameriprise Financial Inc. now owns 2,556,515 shares of the exchange traded fund’s stock valued at $208,846,000 after buying an additional 156,306 shares during the period. Macquarie Group Ltd. acquired a new position in Health Care SPDR in the third quarter valued at approximately $1,716,000. Finally, NEXT Financial Group Inc lifted its holdings in Health Care SPDR by 13.3% in the third quarter. NEXT Financial Group Inc now owns 5,390 shares of the exchange traded fund’s stock valued at $444,000 after buying an additional 631 shares during the period.
XLV stock opened at $84.13 on Wednesday. Health Care SPDR has a twelve month low of $72.33 and a twelve month high of $91.79. The firm has a market cap of $16,150.00 and a P/E ratio of 6.51.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Monday, March 19th will be issued a $0.2997 dividend. The ex-dividend date is Friday, March 16th. This represents a $1.20 annualized dividend and a yield of 1.42%. Health Care SPDR’s dividend payout ratio is currently 9.60%.
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About Health Care SPDR
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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