Ladenburg Thalmann Financial Services Inc. lifted its holdings in Energy Select Sector SPDR (NYSEARCA:XLE) by 8.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 165,067 shares of the exchange traded fund’s stock after buying an additional 12,485 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned about 0.06% of Energy Select Sector SPDR worth $11,928,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. Ford Financial Group Inc. bought a new stake in shares of Energy Select Sector SPDR in the 4th quarter valued at about $103,000. Contravisory Investment Management Inc. increased its stake in shares of Energy Select Sector SPDR by 71.6% in the 4th quarter. Contravisory Investment Management Inc. now owns 1,702 shares of the exchange traded fund’s stock valued at $123,000 after acquiring an additional 710 shares during the last quarter. Icon Wealth Partners LLC bought a new stake in shares of Energy Select Sector SPDR in the 4th quarter valued at about $131,000. BB&T Investment Services Inc. increased its stake in shares of Energy Select Sector SPDR by 103.9% in the 3rd quarter. BB&T Investment Services Inc. now owns 2,117 shares of the exchange traded fund’s stock valued at $146,000 after acquiring an additional 1,079 shares during the last quarter. Finally, Trustcore Financial Services LLC bought a new stake in shares of Energy Select Sector SPDR in the 4th quarter valued at about $168,000.
Shares of XLE opened at $67.35 on Friday. Energy Select Sector SPDR has a 52-week low of $61.80 and a 52-week high of $78.39.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Monday, March 19th were given a $0.4748 dividend. The ex-dividend date was Friday, March 16th. This is a positive change from Energy Select Sector SPDR’s previous quarterly dividend of $0.46. This represents a $1.90 annualized dividend and a dividend yield of 2.82%.
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Energy Select Sector SPDR Company Profile
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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