Bank of Nova Scotia Invests $69.09 Million in SPDR S&P Retail ETF (NYSEARCA:XRT)

Bank of Nova Scotia acquired a new position in shares of SPDR S&P Retail ETF (NYSEARCA:XRT) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,000,000 shares of the exchange traded fund’s stock, valued at approximately $69,090,000. Bank of Nova Scotia owned 24.69% of SPDR S&P Retail ETF at the end of the most recent reporting period.

Several other large investors have also modified their holdings of XRT. LPL Financial LLC lifted its holdings in shares of SPDR S&P Retail ETF by 16.2% during the 4th quarter. LPL Financial LLC now owns 81,619 shares of the exchange traded fund’s stock worth $6,496,000 after acquiring an additional 11,362 shares during the period. Wells Fargo & Company MN raised its holdings in SPDR S&P Retail ETF by 164.4% in the fourth quarter. Wells Fargo & Company MN now owns 162,878 shares of the exchange traded fund’s stock valued at $12,963,000 after buying an additional 415,616 shares during the period. Trek Financial LLC purchased a new position in SPDR S&P Retail ETF in the fourth quarter valued at approximately $4,373,000. Raymond James Financial Inc. purchased a new position in SPDR S&P Retail ETF in the fourth quarter valued at approximately $1,161,000. Finally, Phoenix Financial Ltd. raised its holdings in SPDR S&P Retail ETF by 65.7% in the fourth quarter. Phoenix Financial Ltd. now owns 1,929,130 shares of the exchange traded fund’s stock valued at $153,539,000 after buying an additional 765,000 shares during the period.

SPDR S&P Retail ETF Stock Performance

NYSEARCA XRT opened at $77.85 on Friday. SPDR S&P Retail ETF has a one year low of $61.33 and a one year high of $84.84. The company’s 50 day moving average price is $78.52 and its 200 day moving average price is $74.66. The firm has a market capitalization of $249.12 million, a price-to-earnings ratio of 14.70 and a beta of 1.31.

SPDR S&P Retail ETF Profile

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.