Florida Trust Wealth Management Co Purchases 10,432 Shares of Energy Select Sector SPDR ETF $XLE

Florida Trust Wealth Management Co boosted its position in shares of Energy Select Sector SPDR ETF (NYSEARCA:XLE) by 102.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,624 shares of the exchange traded fund’s stock after purchasing an additional 10,432 shares during the period. Florida Trust Wealth Management Co’s holdings in Energy Select Sector SPDR ETF were worth $922,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in XLE. Cibc World Market Inc. increased its stake in Energy Select Sector SPDR ETF by 436.8% in the 3rd quarter. Cibc World Market Inc. now owns 2,060,689 shares of the exchange traded fund’s stock worth $184,102,000 after buying an additional 2,672,508 shares during the period. Capital Investment Advisors LLC increased its stake in Energy Select Sector SPDR ETF by 1,540.9% in the 4th quarter. Capital Investment Advisors LLC now owns 1,483,398 shares of the exchange traded fund’s stock worth $66,323,000 after buying an additional 1,392,995 shares during the period. Envestnet Asset Management Inc. increased its stake in Energy Select Sector SPDR ETF by 52.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,406,215 shares of the exchange traded fund’s stock worth $214,971,000 after buying an additional 832,778 shares during the period. PGIM Custom Harvest LLC purchased a new position in Energy Select Sector SPDR ETF in the 3rd quarter worth about $71,296,000. Finally, Menora Mivtachim Holdings LTD. increased its stake in Energy Select Sector SPDR ETF by 22.9% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 3,610,100 shares of the exchange traded fund’s stock worth $322,526,000 after buying an additional 673,700 shares during the period.

Energy Select Sector SPDR ETF Stock Down 4.5%

XLE stock traded down $2.72 during trading on Wednesday, hitting $57.44. The company had a trading volume of 31,505,922 shares, compared to its average volume of 58,403,242. The firm has a market capitalization of $41.04 billion, a P/E ratio of 15.59 and a beta of 0.64. Energy Select Sector SPDR ETF has a 52-week low of $37.24 and a 52-week high of $63.46. The company has a 50 day simple moving average of $56.35 and a 200-day simple moving average of $49.09.

About Energy Select Sector SPDR ETF

The Energy Select Sector SPDR ETF is a State Street exchange-traded fund that seeks to track the price and yield performance of the Energy Select Sector Index, before expenses. The index is designed to provide broad representation of the energy sector within the S&P 500, covering companies in the oil, gas and consumable fuels, and energy equipment and services industries. Component companies are selected from the S&P 500 universe based on general industry classification, and the Energy Select Sector Index is one of eleven Select Sector Indexes that together comprise all S&P 500 constituents.