3,127 Shares in Energy Select Sector SPDR (XLE) Purchased by Sterling Investment Management Inc.

Sterling Investment Management Inc. purchased a new stake in Energy Select Sector SPDR (NYSEARCA:XLE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,127 shares of the exchange traded fund’s stock, valued at approximately $226,000.

Other institutional investors also recently modified their holdings of the company. BB&T Investment Services Inc. boosted its holdings in Energy Select Sector SPDR by 103.9% in the 3rd quarter. BB&T Investment Services Inc. now owns 2,117 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 1,079 shares during the period. Grove Bank & Trust lifted its holdings in shares of Energy Select Sector SPDR by 6,582.5% during the 3rd quarter. Grove Bank & Trust now owns 2,673 shares of the exchange traded fund’s stock worth $183,000 after acquiring an additional 2,633 shares during the period. Aspen Investment Management Inc bought a new position in shares of Energy Select Sector SPDR during the 3rd quarter worth about $203,000. Dorsey & Whitney Trust CO LLC bought a new position in shares of Energy Select Sector SPDR during the 3rd quarter worth about $203,000. Finally, Argent Trust Co bought a new position in shares of Energy Select Sector SPDR during the 3rd quarter worth about $218,000.

Energy Select Sector SPDR (XLE) opened at $77.11 on Thursday. The company has a market cap of $20,170.00 and a PE ratio of -12.16. Energy Select Sector SPDR has a 1-year low of $61.80 and a 1-year high of $77.65.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Monday, December 18th were issued a dividend of $0.4583 per share. This represents a $1.83 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Friday, December 15th. Energy Select Sector SPDR’s payout ratio is -34.54%.

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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.

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

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