Kovack Advisors Inc. Has $416,000 Holdings in Consumer Staples Select Sect. SPDR (NYSEARCA:XLP)

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Kovack Advisors Inc. reduced its holdings in shares of Consumer Staples Select Sect. SPDR (NYSEARCA:XLP) by 17.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,906 shares of the exchange traded fund’s stock after selling 1,725 shares during the quarter. Kovack Advisors Inc.’s holdings in Consumer Staples Select Sect. SPDR were worth $416,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Coyle Financial Counsel LLC purchased a new stake in shares of Consumer Staples Select Sect. SPDR in the 1st quarter worth about $105,000. Bedel Financial Consulting Inc. purchased a new position in Consumer Staples Select Sect. SPDR during the 1st quarter valued at about $121,000. Premia Global Advisors LLC bought a new stake in Consumer Staples Select Sect. SPDR during the 4th quarter valued at about $175,000. Santori & Peters Inc. bought a new stake in Consumer Staples Select Sect. SPDR during the 4th quarter valued at about $185,000. Finally, Sheaff Brock Investment Advisors LLC bought a new stake in Consumer Staples Select Sect. SPDR during the 4th quarter valued at about $200,000.

Shares of Consumer Staples Select Sect. SPDR opened at $51.53 on Friday, according to MarketBeat.com. Consumer Staples Select Sect. SPDR has a 12-month low of $48.76 and a 12-month high of $58.95.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 20th. Investors of record on Monday, June 18th were paid a dividend of $0.3938 per share. This is an increase from Consumer Staples Select Sect. SPDR’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, June 15th. This represents a $1.58 dividend on an annualized basis and a yield of 3.06%.

About Consumer Staples Select Sect. SPDR

Consumer Staples Select Sector SPDR Fund (the Fund) seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Consumer Staples Select Sector Index (the Index).The Fund typically invests in substantially all of the securities represented in the Index in approximately the same proportions as the Index.

Institutional Ownership by Quarter for Consumer Staples Select Sect. SPDR (NYSEARCA:XLP)

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