Traders Buy Shares of Energy Select Sector SPDR Fund (XLE) on Weakness

Investors purchased 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 equities 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 26th. Investors of record on Monday, September 24th were issued a dividend of $0.5132 per share. This represents a $2.05 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Friday, September 21st. This is an increase from Energy Select Sector SPDR Fund’s previous quarterly dividend of $0.51.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Usca Ria LLC boosted its position in Energy Select Sector SPDR Fund by 10.9% during the second quarter. Usca Ria LLC now owns 6,746 shares of the exchange traded fund’s stock worth $512,000 after purchasing an additional 665 shares during the period. Zacks Investment Management boosted its position in Energy Select Sector SPDR Fund by 13.4% during the second quarter. Zacks Investment Management now owns 5,935 shares of the exchange traded fund’s stock worth $451,000 after purchasing an additional 701 shares during the period. Mutual Advisors LLC boosted its position in Energy Select Sector SPDR Fund by 5.8% during the second quarter. Mutual Advisors LLC now owns 12,709 shares of the exchange traded fund’s stock worth $965,000 after purchasing an additional 702 shares during the period. Windsor Capital Management LLC boosted its position in shares of Energy Select Sector SPDR Fund by 3.3% in the second quarter. Windsor Capital Management LLC now owns 22,841 shares of the exchange traded fund’s stock valued at $1,733,000 after acquiring an additional 719 shares during the period. Finally, St. Johns Investment Management Company LLC boosted its position in shares of Energy Select Sector SPDR Fund by 2.6% in the second quarter. St. Johns Investment Management Company LLC now owns 28,242 shares of the exchange traded fund’s stock valued at $2,145,000 after acquiring an additional 723 shares during the period.

About Energy Select Sector SPDR Fund (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.

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