Traders Sell Shares of Energy Select Sector SPDR (XLE) on Strength (XLE)
Investors sold shares of Energy Select Sector SPDR (NYSE:XLE) on strength during trading hours on Monday. $96.31 million flowed into the stock on the tick-up and $155.96 million flowed out of the stock on the tick-down, for a money net flow of $59.65 million out of the stock. Of all stocks tracked, Energy Select Sector SPDR had the 23rd highest net out-flow for the day. Energy Select Sector SPDR traded up $0.97 for the day and closed at $68.17
The company has a 50 day moving average price of $64.27 and a 200 day moving average price of $66.57.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 18th will be paid a dividend of $0.8654 per share. The ex-dividend date is Friday, September 15th. This is a positive change from Energy Select Sector SPDR’s previous quarterly dividend of $0.45. This represents a $3.46 dividend on an annualized basis and a yield of 5.15%.
A number of hedge funds have recently bought and sold shares of the business. Intl Fcstone Inc. purchased a new stake in Energy Select Sector SPDR during the second quarter valued at about $612,000. M Holdings Securities Inc. lifted its stake in Energy Select Sector SPDR by 671.8% during the second quarter. M Holdings Securities Inc. now owns 30,478 shares of the exchange traded fund’s stock valued at $1,979,000 after buying an additional 26,529 shares in the last quarter. WFG Advisors LP lifted its stake in Energy Select Sector SPDR by 5.2% during the second quarter. WFG Advisors LP now owns 11,043 shares of the exchange traded fund’s stock valued at $717,000 after buying an additional 549 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in Energy Select Sector SPDR by 14.5% during the second quarter. EP Wealth Advisors LLC now owns 3,590 shares of the exchange traded fund’s stock valued at $233,000 after buying an additional 454 shares in the last quarter. Finally, Advisory Services Network LLC lifted its stake in Energy Select Sector SPDR by 15.5% during the second quarter. Advisory Services Network LLC now owns 9,420 shares of the exchange traded fund’s stock valued at $612,000 after buying an additional 1,264 shares in the last quarter.
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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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