Financial Select Sector SPDR Fund (NYSEARCA:XLF) Declares $0.19 Quarterly Dividend

Financial Select Sector SPDR Fund (NYSEARCA:XLF) announced a quarterly dividend on Wednesday, December 31st. Investors of record on Monday, June 22nd will be given a dividend of 0.1871 per share by the exchange traded fund on Wednesday, June 24th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, June 22nd.

Financial Select Sector SPDR Fund Price Performance

Financial Select Sector SPDR Fund stock opened at $53.57 on Friday. The stock has a market cap of $52.83 billion, a P/E ratio of 18.25 and a beta of 0.86. The company’s 50 day moving average price is $51.98 and its two-hundred day moving average price is $52.39. Financial Select Sector SPDR Fund has a 52 week low of $47.67 and a 52 week high of $56.51.

Hedge Funds Weigh In On Financial Select Sector SPDR Fund

Institutional investors have recently bought and sold shares of the company. Pine Valley Investments Ltd Liability Co raised its stake in shares of Financial Select Sector SPDR Fund by 7.9% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 71,196 shares of the exchange traded fund’s stock valued at $3,515,000 after buying an additional 5,215 shares during the period. Stillwater Private Wealth LLC bought a new position in shares of Financial Select Sector SPDR Fund during the 1st quarter worth $695,000. DV Trading LLC bought a new position in shares of Financial Select Sector SPDR Fund during the 1st quarter worth $3,249,000. Parallel Advisors LLC increased its holdings in Financial Select Sector SPDR Fund by 4.6% in the 1st quarter. Parallel Advisors LLC now owns 41,589 shares of the exchange traded fund’s stock worth $2,053,000 after acquiring an additional 1,846 shares during the last quarter. Finally, Optiver Holding B.V. raised its stake in Financial Select Sector SPDR Fund by 62.7% in the 1st quarter. Optiver Holding B.V. now owns 1,825,469 shares of the exchange traded fund’s stock valued at $90,123,000 after acquiring an additional 703,576 shares during the period. Hedge funds and other institutional investors own 72.51% of the company’s stock.

Financial Select Sector SPDR Fund Company Profile

The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.