Dow Chemical Co. DE Has $3.85 Million Position in Consumer Discretionary SPDR (XLY)

Dow Chemical Co. DE reduced its position in Consumer Discretionary SPDR (NYSEARCA:XLY) by 55.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,694 shares of the exchange traded fund’s stock after selling 53,428 shares during the period. Consumer Discretionary SPDR comprises about 1.0% of Dow Chemical Co. DE’s portfolio, making the stock its 14th biggest 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.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ballentine Partners LLC lifted its stake in shares of Consumer Discretionary SPDR by 24.9% in the 2nd quarter. Ballentine Partners LLC now owns 1,659 shares of the exchange traded fund’s stock valued at $152,000 after purchasing an additional 331 shares during the period. Signet Financial Management LLC acquired a new position in shares of Consumer Discretionary SPDR in the 2nd quarter valued at $157,000. Meeder Asset Management Inc. lifted its stake in shares of Consumer Discretionary SPDR by 117.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,862 shares of the exchange traded fund’s stock valued at $168,000 after purchasing an additional 1,004 shares during the period. McAdam LLC acquired a new position in shares of Consumer Discretionary SPDR in the 2nd quarter valued at $202,000. Finally, BRYN MAWR TRUST Co acquired a new position in shares of Consumer Discretionary SPDR in the 2nd quarter valued at $204,000.

Consumer Discretionary SPDR (NYSEARCA:XLY) traded up $0.24 during trading hours on Monday, reaching $94.63. 1,736,300 shares of the company’s stock were exchanged, compared to its average volume of 4,161,253. Consumer Discretionary SPDR has a 52 week low of $81.15 and a 52 week high of $94.67.

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

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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 (NYSEARCA:XLY)

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