Investors Buy Energy Select Sector SPDR Fund (XLE) on Weakness

Investors bought shares of Energy Select Sector SPDR Fund (NYSEARCA:XLE) on weakness during trading hours on Thursday. $306.91 million flowed into the stock on the tick-up and $254.75 million flowed out of the stock on the tick-down, for a money net flow of $52.16 million into the stock. Of all companies tracked, Energy Select Sector SPDR Fund had the 29th highest net in-flow for the day. Energy Select Sector SPDR Fund traded down ($2.55) for the day and closed at $72.80

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 26th. Stockholders of record on Monday, September 24th were paid a $0.5132 dividend. This is a positive change from Energy Select Sector SPDR Fund’s previous quarterly dividend of $0.51. This represents a $2.05 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Friday, September 21st.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley boosted its stake in Energy Select Sector SPDR Fund by 4.6% during the second quarter. Morgan Stanley now owns 10,433,732 shares of the exchange traded fund’s stock worth $792,337,000 after acquiring an additional 454,132 shares in the last quarter. Atria Investments LLC lifted its stake in shares of Energy Select Sector SPDR Fund by 33.8% in the second quarter. Atria Investments LLC now owns 56,099 shares of the exchange traded fund’s stock valued at $4,260,000 after buying an additional 14,173 shares in the last quarter. IPG Investment Advisors LLC lifted its stake in shares of Energy Select Sector SPDR Fund by 26.9% in the second quarter. IPG Investment Advisors LLC now owns 60,467 shares of the exchange traded fund’s stock valued at $4,592,000 after buying an additional 12,824 shares in the last quarter. Doyle Wealth Management lifted its stake in shares of Energy Select Sector SPDR Fund by 38.3% in the second quarter. Doyle Wealth Management now owns 5,049 shares of the exchange traded fund’s stock valued at $383,000 after buying an additional 1,398 shares in the last quarter. Finally, Greenline Partners LLC bought a new position in shares of Energy Select Sector SPDR Fund in the second quarter valued at $518,000.

Energy Select Sector SPDR Fund Company Profile (NYSEARCA:XLE)

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.

Featured Story: Google Finance Portfolio Tips and Tricks

Receive News & Ratings for Energy Select Sector SPDR Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Select Sector SPDR Fund and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply