Pinnacle Financial Partners Inc. reduced its stake in shares of Energy Select Sector SPDR (NYSE:XLE) by 2.3% during the second quarter, Holdings Channel reports. The firm owned 16,112 shares of the exchange traded fund’s stock after selling 385 shares during the period. Pinnacle Financial Partners Inc.’s holdings in Energy Select Sector SPDR were worth $1,046,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in XLE. Sei Investments Co. raised its stake in shares of Energy Select Sector SPDR by 373.3% in the second quarter. Sei Investments Co. now owns 2,707 shares of the exchange traded fund’s stock valued at $176,000 after buying an additional 2,135 shares during the period. Country Trust Bank increased its position in Energy Select Sector SPDR by 1.7% in the second quarter. Country Trust Bank now owns 2,826 shares of the exchange traded fund’s stock valued at $183,000 after buying an additional 48 shares in the last quarter. CAPROCK Group Inc. acquired a new position in Energy Select Sector SPDR during the second quarter valued at $232,000. Daiwa Securities Group Inc. increased its position in Energy Select Sector SPDR by 30.0% in the second quarter. Daiwa Securities Group Inc. now owns 3,900 shares of the exchange traded fund’s stock valued at $253,000 after buying an additional 900 shares in the last quarter. Finally, Joel Isaacson & Co. LLC increased its position in Energy Select Sector SPDR by 0.3% in the second quarter. Joel Isaacson & Co. LLC now owns 4,360 shares of the exchange traded fund’s stock valued at $283,000 after buying an additional 11 shares in the last quarter.

Energy Select Sector SPDR (NYSE XLE) opened at 63.94 on Friday. Energy Select Sector SPDR has a 1-year low of $63.29 and a 1-year high of $78.45. The stock has a 50 day moving average of $65.17 and a 200 day moving average of $68.30.

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About Energy Select Sector SPDR

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

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