BB&T Investment Services Inc. lifted its holdings in shares of Energy Select Sector SPDR (NYSEARCA:XLE) by 342.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,366 shares of the exchange traded fund’s stock after purchasing an additional 7,249 shares during the quarter. BB&T Investment Services Inc.’s holdings in Energy Select Sector SPDR were worth $675,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Ford Financial Group Inc. purchased a new stake in Energy Select Sector SPDR in the fourth quarter worth $103,000. Contravisory Investment Management Inc. grew its stake in shares of Energy Select Sector SPDR by 71.6% in the fourth quarter. Contravisory Investment Management Inc. now owns 1,702 shares of the exchange traded fund’s stock worth $123,000 after acquiring an additional 710 shares during the last quarter. Icon Wealth Partners LLC purchased a new stake in shares of Energy Select Sector SPDR in the fourth quarter worth $131,000. Trustcore Financial Services LLC purchased a new stake in shares of Energy Select Sector SPDR in the fourth quarter worth $168,000. Finally, Patten Group Inc. boosted its position in shares of Energy Select Sector SPDR by 1,629.5% during the third quarter. Patten Group Inc. now owns 51,021 shares of the exchange traded fund’s stock valued at $177,000 after buying an additional 48,071 shares during the last quarter.
Shares of Energy Select Sector SPDR stock traded down $0.01 during trading on Thursday, hitting $70.63. 14,310,141 shares of the company’s stock traded hands, compared to its average volume of 16,253,712. Energy Select Sector SPDR has a 1 year low of $61.80 and a 1 year high of $78.39.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Stockholders of record on Monday, March 19th were paid a $0.4748 dividend. The ex-dividend date was Friday, March 16th. This represents a $1.90 annualized dividend and a dividend yield of 2.69%. This is an increase from Energy Select Sector SPDR’s previous quarterly dividend of $0.46.
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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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