Sterneck Capital Management LLC lifted its holdings in Energy Select Sector SPDR (NYSE:XLE) by 13.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,036 shares of the exchange traded fund’s stock after purchasing an additional 611 shares during the period. Sterneck Capital Management LLC’s holdings in Energy Select Sector SPDR were worth $327,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of XLE. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Energy Select Sector SPDR by 5.0% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 2,541 shares of the exchange traded fund’s stock worth $163,000 after purchasing an additional 120 shares during the period. TCI Wealth Advisors Inc. lifted its stake in shares of Energy Select Sector SPDR by 8.2% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 2,651 shares of the exchange traded fund’s stock worth $172,000 after purchasing an additional 200 shares during the period. Sei Investments Co. lifted its stake in shares of Energy Select Sector SPDR by 373.3% in the 2nd quarter. Sei Investments Co. now owns 2,707 shares of the exchange traded fund’s stock worth $176,000 after purchasing an additional 2,135 shares during the period. Country Trust Bank lifted its stake in shares of Energy Select Sector SPDR by 1.7% in the 2nd 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, BDO Wealth Advisors LLC bought a new position in shares of Energy Select Sector SPDR in the 2nd quarter worth approximately $184,000.

Shares of Energy Select Sector SPDR (NYSE:XLE) traded down 0.06% during trading on Friday, hitting $68.14. 8,893,702 shares of the stock traded hands. The stock has a 50 day moving average of $66.38 and a 200 day moving average of $66.39. Energy Select Sector SPDR has a 52-week low of $61.80 and a 52-week high of $78.45.

The company also recently announced a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Monday, September 18th were given a $0.8654 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $3.46 dividend on an annualized basis and a yield of 5.08%. This is a positive change from Energy Select Sector SPDR’s previous quarterly dividend of $0.45.

COPYRIGHT VIOLATION WARNING: This piece of content was first posted by Daily Political and is the property of of Daily Political. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/10/14/sterneck-capital-management-llc-acquires-611-shares-of-energy-select-sector-spdr-xle.html.

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.

Want to see what other hedge funds are holding XLE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energy Select Sector SPDR (NYSE:XLE).

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.