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

Traders sold shares of Energy Select Sector SPDR (NYSE:XLE) on strength during trading hours on Wednesday. $102.10 million flowed into the stock on the tick-up and $212.21 million flowed out of the stock on the tick-down, for a money net flow of $110.11 million out of the stock. Of all stocks tracked, Energy Select Sector SPDR had the 4th highest net out-flow for the day. Energy Select Sector SPDR traded up $0.45 for the day and closed at $66.84

The firm’s 50-day moving average price is $64.27 and its 200-day moving average price is $66.57.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 18th will be issued a $0.8654 dividend. This represents a $3.46 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend is Friday, September 15th. This is an increase from Energy Select Sector SPDR’s previous quarterly dividend of $0.45.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC raised its holdings in Energy Select Sector SPDR by 9.8% in the 2nd quarter. FMR LLC now owns 7,090,791 shares of the exchange traded fund’s stock worth $460,334,000 after acquiring an additional 632,685 shares during the period. Rafferty Asset Management LLC raised its holdings in Energy Select Sector SPDR by 42.5% in the 2nd quarter. Rafferty Asset Management LLC now owns 5,319,681 shares of the exchange traded fund’s stock worth $345,354,000 after acquiring an additional 1,587,512 shares during the period. Charles Schwab Investment Advisory Inc. bought a new position in Energy Select Sector SPDR in the 2nd quarter worth $136,287,000. Wealthfront Inc. raised its holdings in Energy Select Sector SPDR by 7.4% in the 2nd quarter. Wealthfront Inc. now owns 1,966,611 shares of the exchange traded fund’s stock worth $127,672,000 after acquiring an additional 134,960 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in Energy Select Sector SPDR by 673.3% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,628,219 shares of the exchange traded fund’s stock worth $105,702,000 after acquiring an additional 1,417,667 shares during the period.

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Energy Select Sector SPDR 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.

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