Lehman Financial Resources Inc. lowered its holdings in shares of Energy Select Sector SPDR (NYSE:XLE) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,900 shares of the exchange traded fund’s stock after selling 200 shares during the quarter. Energy Select Sector SPDR accounts for about 0.6% of Lehman Financial Resources Inc.’s portfolio, making the stock its 29th biggest position. Lehman Financial Resources Inc.’s holdings in Energy Select Sector SPDR were worth $1,092,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Joel Isaacson & Co. LLC raised its position in shares of Energy Select Sector SPDR by 0.3% during the second quarter. Joel Isaacson & Co. LLC now owns 4,360 shares of the exchange traded fund’s stock worth $283,000 after purchasing an additional 11 shares during the period. MCF Advisors LLC raised its position in shares of Energy Select Sector SPDR by 0.6% during the second quarter. MCF Advisors LLC now owns 5,075 shares of the exchange traded fund’s stock worth $329,000 after purchasing an additional 29 shares during the period. Financial Advisory Service Inc. raised its position in shares of Energy Select Sector SPDR by 0.6% during the second quarter. Financial Advisory Service Inc. now owns 6,582 shares of the exchange traded fund’s stock worth $427,000 after purchasing an additional 38 shares during the period. Country Trust Bank raised its position in shares of Energy Select Sector SPDR by 1.7% during the second quarter. Country Trust Bank now owns 2,826 shares of the exchange traded fund’s stock worth $183,000 after purchasing an additional 48 shares during the period. Finally, Telos Capital Management Inc. raised its position in shares of Energy Select Sector SPDR by 1.0% during the second quarter. Telos Capital Management Inc. now owns 5,991 shares of the exchange traded fund’s stock worth $389,000 after purchasing an additional 62 shares during the period.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://www.dailypolitical.com/2017/09/23/energy-select-sector-spdr-xle-shares-sold-by-lehman-financial-resources-inc.html.

Energy Select Sector SPDR (NYSE XLE) traded up 0.51% during midday trading on Friday, hitting $67.20. The stock had a trading volume of 14,647,937 shares. Energy Select Sector SPDR has a 52 week low of $61.80 and a 52 week high of $78.45. The company’s 50 day moving average price is $64.27 and its 200-day moving average price is $66.57.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 18th will be paid a $0.8654 dividend. This represents a $3.46 dividend on an annualized basis and a dividend yield of 5.15%. This is an increase from Energy Select Sector SPDR’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, September 15th.

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 (NYSE:XLE)

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