Hollencrest Capital Management increased its holdings in shares of Energy Select Sector SPDR (NYSEARCA:XLE) by 22.8% during the fourth quarter, Holdings Channel reports. The fund owned 11,402 shares of the exchange traded fund’s stock after buying an additional 2,119 shares during the period. Hollencrest Capital Management’s holdings in Energy Select Sector SPDR were worth $824,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Contravisory Investment Management Inc. boosted its holdings in Energy Select Sector SPDR by 71.6% in the 4th quarter. Contravisory Investment Management Inc. now owns 1,702 shares of the exchange traded fund’s stock valued at $123,000 after purchasing an additional 710 shares during the last quarter. 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 last quarter. Patten Group Inc. boosted its holdings in Energy Select Sector SPDR by 1,629.5% in the 3rd quarter. Patten Group Inc. now owns 51,021 shares of the exchange traded fund’s stock valued at $177,000 after purchasing an additional 48,071 shares during the last quarter. Grove Bank & Trust boosted its holdings in Energy Select Sector SPDR by 6,582.5% in the 3rd quarter. Grove Bank & Trust now owns 2,673 shares of the exchange traded fund’s stock valued at $183,000 after purchasing an additional 2,633 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in Energy Select Sector SPDR in the 3rd quarter valued at about $203,000.

Energy Select Sector SPDR (XLE) opened at $76.38 on Friday. The firm has a market cap of $19,980.00 and a PE ratio of -12.05. Energy Select Sector SPDR has a fifty-two week low of $61.80 and a fifty-two week high of $77.65.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th were issued a $0.4583 dividend. The ex-dividend date was Friday, December 15th. This represents a $1.83 annualized dividend and a yield of 2.40%. Energy Select Sector SPDR’s payout ratio is -34.54%.

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About Energy Select Sector SPDR

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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