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

Traders purchased shares of Industrial Select Sector SPDR Fund (NYSEARCA:XLI) on weakness during trading on Friday. $113.69 million flowed into the stock on the tick-up and $63.91 million flowed out of the stock on the tick-down, for a money net flow of $49.78 million into the stock. Of all stocks tracked, Industrial Select Sector SPDR Fund had the 9th highest net in-flow for the day. Industrial Select Sector SPDR Fund traded down ($0.18) for the day and closed at $73.99

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Monday, March 19th were given a $0.3073 dividend. The ex-dividend date of this dividend was Friday, March 16th. This represents a $1.23 annualized dividend and a yield of 1.66%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CMH Wealth Management LLC increased its stake in shares of Industrial Select Sector SPDR Fund by 1.5% in the 4th quarter. CMH Wealth Management LLC now owns 58,045 shares of the exchange traded fund’s stock valued at $4,418,000 after buying an additional 855 shares during the period. Stillwater Capital Advisors LLC increased its stake in shares of Industrial Select Sector SPDR Fund by 12.6% in the 4th quarter. Stillwater Capital Advisors LLC now owns 32,174 shares of the exchange traded fund’s stock valued at $2,435,000 after buying an additional 3,607 shares during the period. CHURCHILL MANAGEMENT Corp increased its stake in shares of Industrial Select Sector SPDR Fund by 59.2% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,264,712 shares of the exchange traded fund’s stock valued at $95,701,000 after buying an additional 470,143 shares during the period. Rockland Trust Co. increased its stake in shares of Industrial Select Sector SPDR Fund by 16.6% in the 4th quarter. Rockland Trust Co. now owns 56,931 shares of the exchange traded fund’s stock valued at $4,308,000 after buying an additional 8,104 shares during the period. Finally, Crow Point Partners LLC acquired a new stake in shares of Industrial Select Sector SPDR Fund in the 4th quarter valued at $566,000.

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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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