Investors purchased shares of Energy Select Sector SPDR (NYSEARCA:XLE) on weakness during trading hours 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 stocks 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 company also recently announced a quarterly dividend, which was paid on Wednesday, June 20th. Stockholders of record on Monday, June 18th were issued a $0.5124 dividend. This is a boost from Energy Select Sector SPDR’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, June 15th. This represents a $2.05 annualized dividend and a dividend yield of 2.73%.
Institutional investors have recently modified their holdings of the company. Ford Financial Group Inc. bought a new stake in Energy Select Sector SPDR in the fourth quarter valued at $103,000. Icon Wealth Partners LLC bought a new stake in Energy Select Sector SPDR in the fourth quarter valued at $131,000. Centaurus Financial Inc. bought a new stake in Energy Select Sector SPDR in the first quarter valued at $160,000. Trustcore Financial Services LLC bought a new stake in Energy Select Sector SPDR in the fourth quarter valued at $168,000. Finally, Wall Street Access Asset Management LLC bought a new stake in Energy Select Sector SPDR in the fourth quarter valued at $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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