SPDR S&P Retail (ETF) (XRT) Stock Rating Reaffirmed by Cowen and Company

SPDR S&P Retail (ETF) (NYSE:XRT)‘s stock had its “market perform” rating reissued by research analysts at Cowen and Company in a research note issued to investors on Tuesday.

SPDR S&P Retail (NYSE:XRT) traded up 0.67% on Tuesday, reaching $45.24. 5,499,812 shares of the company traded hands. The stock has a 50-day moving average price of $42.65 and a 200-day moving average price of $42.83. SPDR S&P Retail has a 52-week low of $37.80 and a 52-week high of $49.72.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 27th. Stockholders of record on Tuesday, June 21st were issued a dividend of $0.1523 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, June 17th. This is a positive change from SPDR S&P Retail (ETF)’s previous quarterly dividend of $0.15.

Other hedge funds have made changes to their positions in the company. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of SPDR S&P Retail (ETF) during the second quarter worth approximately $403,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of SPDR S&P Retail (ETF) by 87.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,011 shares of the company’s stock worth $185,000 after buying an additional 1,872 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of SPDR S&P Retail (ETF) during the first quarter worth approximately $529,000. Envestnet Asset Management Inc. boosted its stake in shares of SPDR S&P Retail (ETF) by 1.8% in the first quarter. Envestnet Asset Management Inc. now owns 11,160 shares of the company’s stock worth $515,000 after buying an additional 202 shares during the period. Finally, Alpine Partners VI LLC acquired a new stake in shares of SPDR S&P Retail (ETF) during the first quarter worth approximately $1,050,000.

SPDR S&P Retail ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Retail Select Industry Index (the Index). The Index is an equal weighted market cap index. The Index represents the retail sub-industry portion of the S&P Total Market Index. The Fund invests in industries, such as apparel retail, automotive retail, food retail, department stores, Internet retail, general merchandise stores, drug retail, and hypermarkets and super centers.