Communication Services Select Sector SPDR Fund (XLC) to Issue Quarterly Dividend of $0.28 on June 24th

Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) declared a quarterly dividend on Wednesday, December 31st. Shareholders of record on Monday, June 22nd will be given a dividend of 0.2837 per share on Wednesday, June 24th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, June 22nd.

Communication Services Select Sector SPDR Fund Stock Performance

XLC remained flat at $109.45 during trading on Friday. 11,655,594 shares of the company were exchanged, compared to its average volume of 6,803,293. The company has a market cap of $24.05 billion, a PE ratio of 19.19 and a beta of 0.97. Communication Services Select Sector SPDR Fund has a fifty-two week low of $101.99 and a fifty-two week high of $120.40. The business’s fifty day moving average price is $115.00 and its 200 day moving average price is $115.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of XLC. Bank of America Corp DE boosted its stake in shares of Communication Services Select Sector SPDR Fund by 0.3% in the fourth quarter. Bank of America Corp DE now owns 44,904,254 shares of the company’s stock valued at $5,286,129,000 after buying an additional 116,961 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Communication Services Select Sector SPDR Fund by 3.4% in the 4th quarter. Wells Fargo & Company MN now owns 7,491,358 shares of the company’s stock valued at $881,883,000 after purchasing an additional 245,414 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Communication Services Select Sector SPDR Fund by 8.9% in the fourth quarter. Raymond James Financial Inc. now owns 5,768,478 shares of the company’s stock valued at $679,065,000 after buying an additional 473,363 shares in the last quarter. Barclays PLC grew its position in Communication Services Select Sector SPDR Fund by 148.3% in the third quarter. Barclays PLC now owns 5,048,892 shares of the company’s stock valued at $597,637,000 after acquiring an additional 3,015,840 shares during the last quarter. Finally, Focus Partners Wealth grew its position in Communication Services Select Sector SPDR Fund by 1,265.9% in the third quarter. Focus Partners Wealth now owns 4,942,628 shares of the company’s stock valued at $585,059,000 after acquiring an additional 4,580,773 shares during the last quarter.

Communication Services Select Sector SPDR Fund Company Profile

The Communication Services Select Sector SPDR Fund (XLC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of US telecommunication and media & entertainment components of the S&P 500 index. XLC was launched on Jun 18, 2018 and is managed by State Street.