Traders Buy Energy Select Sector SPDR (XLE) on Weakness

Investors bought shares of Energy Select Sector SPDR (NYSEARCA:XLE) on weakness during trading on Tuesday. $130.39 million flowed into the stock on the tick-up and $81.30 million flowed out of the stock on the tick-down, for a money net flow of $49.09 million into the stock. Of all companies tracked, Energy Select Sector SPDR had the 24th highest net in-flow for the day. Energy Select Sector SPDR traded down ($0.17) for the day and closed at $74.74

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 20th. Investors of record on Monday, June 18th were issued a dividend of $0.5124 per share. The ex-dividend date was Friday, June 15th. This is a positive change from Energy Select Sector SPDR’s previous quarterly dividend of $0.47. This represents a $2.05 annualized dividend and a dividend yield of 2.73%.

Institutional investors have recently made changes to their positions in the stock. Ford Financial Group Inc. bought a new stake in Energy Select Sector SPDR during the 4th quarter worth approximately $103,000. Icon Wealth Partners LLC bought a new stake in Energy Select Sector SPDR during the 4th quarter worth approximately $131,000. Trustcore Financial Services LLC bought a new stake in Energy Select Sector SPDR during the 4th quarter worth approximately $168,000. Centaurus Financial Inc. bought a new stake in Energy Select Sector SPDR during the 1st quarter worth approximately $160,000. Finally, Wall Street Access Asset Management LLC bought a new stake in Energy Select Sector SPDR during the 4th quarter worth approximately $203,000.

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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