Institute for Wealth Management LLC. purchased a new stake in shares of Energy Select Sector SPDR (NYSE:XLE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 24,180 shares of the exchange traded fund’s stock, valued at approximately $1,555,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC grew its holdings in Energy Select Sector SPDR by 5.0% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 2,541 shares of the exchange traded fund’s stock valued at $163,000 after buying an additional 120 shares in the last quarter. TCI Wealth Advisors Inc. grew its holdings in Energy Select Sector SPDR by 8.2% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 2,651 shares of the exchange traded fund’s stock valued at $172,000 after buying an additional 200 shares in the last quarter. Sei Investments Co. grew its holdings in Energy Select Sector SPDR by 373.3% during the 2nd quarter. Sei Investments Co. now owns 2,707 shares of the exchange traded fund’s stock valued at $176,000 after buying an additional 2,135 shares in the last quarter. Country Trust Bank grew its holdings in Energy Select Sector SPDR by 1.7% during the 2nd quarter. Country Trust Bank now owns 2,826 shares of the exchange traded fund’s stock valued at $183,000 after buying an additional 48 shares in the last quarter. Finally, BDO Wealth Advisors LLC purchased a new position in Energy Select Sector SPDR during the 2nd quarter valued at approximately $184,000.

Energy Select Sector SPDR (XLE) traded down 0.01% during trading on Friday, reaching $68.48. The company’s stock had a trading volume of 14,287,467 shares. Energy Select Sector SPDR has a one year low of $61.80 and a one year high of $78.45. The stock has a 50-day moving average of $64.27 and a 200 day moving average of $66.57.

The business also recently declared a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 18th were given a $0.8654 dividend. The ex-dividend date was 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 dividend yield of 5.06%.

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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.

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

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