Traders Buy Shares of Industrial Select Sector SPDR Fund (XLI) on Weakness

Traders bought shares of Industrial Select Sector SPDR Fund (NYSEARCA:XLI) on weakness during trading on Wednesday. $169.60 million flowed into the stock on the tick-up and $67.33 million flowed out of the stock on the tick-down, for a money net flow of $102.27 million into the stock. Of all companies tracked, Industrial Select Sector SPDR Fund had the 10th highest net in-flow for the day. Industrial Select Sector SPDR Fund traded down ($0.01) for the day and closed at $78.43

The firm has a market capitalization of $14,020.00 and a P/E ratio of 10.83.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Monday, December 18th were paid a dividend of $0.4017 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Friday, December 15th. This is a positive change from Industrial Select Sector SPDR Fund’s previous quarterly dividend of $0.32. Industrial Select Sector SPDR Fund’s dividend payout ratio is 18.11%.

A number of hedge funds have recently made changes to their positions in the stock. CHURCHILL MANAGEMENT Corp lifted its stake in Industrial Select Sector SPDR Fund by 59.2% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,264,712 shares of the exchange traded fund’s stock worth $95,701,000 after acquiring an additional 470,143 shares during the period. Rockland Trust Co. lifted its stake in Industrial Select Sector SPDR Fund by 16.6% in the fourth quarter. Rockland Trust Co. now owns 56,931 shares of the exchange traded fund’s stock worth $4,308,000 after acquiring an additional 8,104 shares during the period. Crow Point Partners LLC purchased a new stake in Industrial Select Sector SPDR Fund in the fourth quarter worth $566,000. Train Babcock Advisors LLC purchased a new stake in Industrial Select Sector SPDR Fund in the fourth quarter worth $1,788,000. Finally, Cumberland Advisors Inc. lifted its stake in Industrial Select Sector SPDR Fund by 5.6% in the fourth quarter. Cumberland Advisors Inc. now owns 74,990 shares of the exchange traded fund’s stock worth $5,674,000 after acquiring an additional 3,990 shares during the period.

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Industrial Select Sector SPDR Fund Company Profile

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.

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