Synovus Financial Corp Decreases Position in Energy Select Sector SPDR (XLE)

Synovus Financial Corp reduced its stake in Energy Select Sector SPDR (NYSEARCA:XLE) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,646 shares of the exchange traded fund’s stock after selling 4,154 shares during the period. Synovus Financial Corp’s holdings in Energy Select Sector SPDR were worth $11,034,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in XLE. Windsor Capital Management LLC increased its stake in shares of Energy Select Sector SPDR by 2.8% during the fourth quarter. Windsor Capital Management LLC now owns 24,369 shares of the exchange traded fund’s stock valued at $1,760,000 after purchasing an additional 655 shares in the last quarter. Contravisory Investment Management Inc. increased its stake in shares of Energy Select Sector SPDR by 71.6% during the fourth quarter. Contravisory Investment Management Inc. now owns 1,702 shares of the exchange traded fund’s stock valued at $123,000 after purchasing an additional 710 shares in the last quarter. Mechanics Bank Trust Department increased its stake in shares of Energy Select Sector SPDR by 3.8% during the fourth quarter. Mechanics Bank Trust Department now owns 19,476 shares of the exchange traded fund’s stock valued at $1,407,000 after purchasing an additional 710 shares in the last quarter. Fernwood Investment Management LLC increased its stake in shares of Energy Select Sector SPDR by 16.4% during the fourth quarter. Fernwood Investment Management LLC now owns 5,300 shares of the exchange traded fund’s stock valued at $383,000 after purchasing an additional 745 shares in the last quarter. Finally, Moors & Cabot Inc. increased its stake in shares of Energy Select Sector SPDR by 19.7% during the third quarter. Moors & Cabot Inc. now owns 4,736 shares of the exchange traded fund’s stock valued at $326,000 after purchasing an additional 778 shares in the last quarter.

Energy Select Sector SPDR (NYSEARCA:XLE) opened at $68.12 on Monday. Energy Select Sector SPDR has a one year low of $61.80 and a one year high of $78.39. The firm has a market cap of $18,030.00 and a P/E ratio of -10.74.

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About Energy Select Sector SPDR

Energy Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Energy Select Sector Index (the Index). The Index includes companies from the following industries oil, gas and consumable fuels, and energy equipment and services.

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Institutional Ownership by Quarter for Energy Select Sector SPDR (NYSEARCA:XLE)

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