Dallas, Texas 12/03/2013 (Financialstrend) – The $1.45 billion market capped Exchange Traded Fund SPDR S&P Retail (ETF) (NYSEARCA:XRT) has its investment philosophy centered around bringing in returns and showing gains which are in line with the index which tracks the performance of stock which are indicative of the retail segment in U.S. It bench marks itself against the yields and appreciation track record of S&P Retail Select Industry Index.
At this time of the year when retailers have traditionally managed to account for sales of more than 40% their annual total in a compressed time window of 6 to 8 weeks, it becomes all the more important to track the performance of this fund which is linked to the performance of retailing stocks which are listed in U.S markets.
Dip in Value Is In spite Of Strong Retail Sales In Holiday Season
SPDR S&P Retail (ETF) (NYSEARCA:XRT) fund has shown a slight 0.67% dip in its market value during trading yesterday on Cyber Monday. This is in spite of strong sales being reported across the board during the extended shopping frenzy which culminated into billions of dollars of sales on Black Friday. Retailers like eBay Inc (NASDAQ:EBAY), Amazon, Best Buy and Target have all gone on record to indicate that their internal goals of notching up higher sales compared to last year were accomplished last week with well thought out discount programs and price mark downs.
In the run up to the thanks giving holidays, SPDR S&P Retail (ETF) (NYSEARCA:XRT) ETF had posted healthy appreciation of 4.4% during trading in the last 30 days and has been a consistent performer in the trailing 12 months by notching up 40% appreciation in its market value. It has paid out dividend of $1.01 per share which translates into a dividend yield of 1.15%.