Investors Sell Shares of Energy Select Sector SPDR Fund (XLE) on Strength (XLE)

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Traders sold shares of Energy Select Sector SPDR Fund (NYSEARCA:XLE) on strength during trading on Monday. $74.17 million flowed into the stock on the tick-up and $104.64 million flowed out of the stock on the tick-down, for a money net flow of $30.47 million out of the stock. Of all stocks tracked, Energy Select Sector SPDR Fund had the 32nd highest net out-flow for the day. Energy Select Sector SPDR Fund traded up $0.03 for the day and closed at $65.50

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 18th were paid a $0.5136 dividend. The ex-dividend date was Friday, March 15th. This represents a $2.05 annualized dividend and a dividend yield of 3.14%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in shares of Energy Select Sector SPDR Fund by 19.6% during the third quarter. JPMorgan Chase & Co. now owns 3,625,097 shares of the exchange traded fund’s stock worth $274,565,000 after purchasing an additional 594,481 shares during the last quarter. Jennison Associates LLC purchased a new position in shares of Energy Select Sector SPDR Fund during the third quarter worth $401,000. GFS Advisors LLC raised its holdings in shares of Energy Select Sector SPDR Fund by 21.3% during the third quarter. GFS Advisors LLC now owns 30,246 shares of the exchange traded fund’s stock worth $2,291,000 after purchasing an additional 5,308 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Energy Select Sector SPDR Fund by 16.4% during the third quarter. Venturi Wealth Management LLC now owns 37,037 shares of the exchange traded fund’s stock worth $2,844,000 after purchasing an additional 5,225 shares during the last quarter. Finally, Mizuho Bank Ltd. purchased a new position in shares of Energy Select Sector SPDR Fund during the third quarter worth $49,231,000.

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Energy Select Sector SPDR Fund Company Profile (NYSEARCA:XLE)

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.

Further Reading: Why is a lock-up period needed for an IPO?

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