Energy Select Sector SPDR Fund (NYSEARCA:XLE) Sets New 12-Month High – Here’s What Happened

Energy Select Sector SPDR Fund (NYSEARCA:XLE) shares reached a new 52-week high on Monday . The company traded as high as $63.25 and last traded at $63.3510, with a volume of 1312501 shares trading hands. The stock had previously closed at $62.56.

Energy Select Sector SPDR Fund Stock Performance

The company has a market cap of $40.86 billion, a P/E ratio of 15.59 and a beta of 0.77. The firm’s fifty day moving average is $54.76 and its two-hundred day moving average is $48.32.

Energy Select Sector SPDR Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Monday, March 23rd were paid a $0.3852 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from Energy Select Sector SPDR Fund’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Trading of Energy Select Sector SPDR Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wagner Wealth Management LLC lifted its holdings in shares of Energy Select Sector SPDR Fund by 270.3% in the third quarter. Wagner Wealth Management LLC now owns 274 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 200 shares in the last quarter. ORG Wealth Partners LLC increased its holdings in Energy Select Sector SPDR Fund by 100.0% in the 4th quarter. ORG Wealth Partners LLC now owns 568 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 284 shares during the last quarter. Holos Integrated Wealth LLC bought a new stake in Energy Select Sector SPDR Fund in the 4th quarter valued at $26,000. Vermillion Wealth Management Inc. lifted its stake in Energy Select Sector SPDR Fund by 85.7% in the 4th quarter. Vermillion Wealth Management Inc. now owns 609 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 281 shares in the last quarter. Finally, Banque Cantonale Vaudoise boosted its holdings in shares of Energy Select Sector SPDR Fund by 58.6% during the 4th quarter. Banque Cantonale Vaudoise now owns 617 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 228 shares during the last quarter.

Energy Select Sector SPDR Fund Company 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. The Fund’s investment advisor is SSgA Funds Management, Inc