Glovista Investments LLC Takes Position in Energy Select Sector SPDR (XLE)

Glovista Investments LLC bought a new stake in shares of Energy Select Sector SPDR (NYSEARCA:XLE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 102,867 shares of the exchange traded fund’s stock, valued at approximately $7,423,000. Energy Select Sector SPDR makes up approximately 1.5% of Glovista Investments LLC’s holdings, making the stock its 17th largest holding.

A number of other large investors have also made changes to their positions in the stock. BB&T Investment Services Inc. increased its holdings in shares of Energy Select Sector SPDR by 342.4% in the fourth quarter. BB&T Investment Services Inc. now owns 9,366 shares of the exchange traded fund’s stock valued at $675,000 after purchasing an additional 7,249 shares during the period. Lake Street Advisors Group LLC acquired a new position in shares of Energy Select Sector SPDR in the fourth quarter valued at about $3,895,000. BB&T Securities LLC increased its holdings in shares of Energy Select Sector SPDR by 11.8% in the fourth quarter. BB&T Securities LLC now owns 66,019 shares of the exchange traded fund’s stock valued at $4,770,000 after purchasing an additional 6,990 shares during the period. HBK Sorce Advisory LLC acquired a new position in shares of Energy Select Sector SPDR in the fourth quarter valued at about $311,000. Finally, All Terrain Financial Advisors LLC acquired a new position in shares of Energy Select Sector SPDR in the fourth quarter valued at about $503,000.

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Shares of XLE stock opened at $69.91 on Wednesday. Energy Select Sector SPDR has a fifty-two week low of $61.80 and a fifty-two week high of $78.39.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Stockholders of record on Monday, March 19th were issued 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 dividend on an annualized basis and a dividend yield of 2.72%.

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Energy Select Sector SPDR 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.

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

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