Health Care Select Sector SPDR Fund (XLV) To Go Ex-Dividend on June 22nd

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) declared a quarterly dividend on Wednesday, December 31st. Investors of record on Monday, June 22nd will be given a dividend of 0.6563 per share by the exchange traded fund on Wednesday, June 24th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, June 22nd. This is a 10.4% increase from Health Care Select Sector SPDR Fund’s previous quarterly dividend of $0.59.

Health Care Select Sector SPDR Fund Price Performance

NYSEARCA XLV remained flat at $149.40 during trading hours on Friday. 10,862,781 shares of the company traded hands, compared to its average volume of 12,505,258. The company has a market cap of $39.16 billion, a P/E ratio of 21.15 and a beta of 0.58. Health Care Select Sector SPDR Fund has a one year low of $127.96 and a one year high of $160.59. The company’s 50-day moving average is $148.10 and its 200-day moving average is $151.86.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in Health Care Select Sector SPDR Fund by 11.7% during the first quarter. Bank of America Corp DE now owns 31,021,559 shares of the exchange traded fund’s stock worth $4,548,071,000 after buying an additional 3,259,957 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Health Care Select Sector SPDR Fund by 21.4% during the 4th quarter. JPMorgan Chase & Co. now owns 16,768,323 shares of the exchange traded fund’s stock worth $2,595,737,000 after acquiring an additional 2,957,648 shares during the period. Morgan Stanley raised its holdings in shares of Health Care Select Sector SPDR Fund by 8.4% during the 4th quarter. Morgan Stanley now owns 11,486,551 shares of the exchange traded fund’s stock worth $1,778,118,000 after acquiring an additional 886,109 shares during the period. Raymond James Financial Inc. boosted its position in shares of Health Care Select Sector SPDR Fund by 1.7% during the 4th quarter. Raymond James Financial Inc. now owns 4,974,099 shares of the exchange traded fund’s stock valued at $769,991,000 after acquiring an additional 81,347 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Health Care Select Sector SPDR Fund by 34.2% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,224,401 shares of the exchange traded fund’s stock valued at $653,925,000 after acquiring an additional 1,076,023 shares during the last quarter.

About Health Care Select Sector SPDR Fund

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). The Health Care Select Sector Index includes companies from the industries, such as pharmaceuticals, healthcare providers and services, healthcare equipment and supplies, biotechnology, life sciences tools and services, and healthcare technology.