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

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

Energy Select Sector SPDR Fund Trading Up 1.0%

The firm has a market cap of $40.86 billion, a P/E ratio of 15.59 and a beta of 0.77. The stock has a 50 day simple moving average of $54.76 and a 200-day simple moving average of $48.32.

Energy Select Sector SPDR Fund Increases Dividend

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

Institutional Trading of Energy Select Sector SPDR Fund

Hedge funds have recently made changes to their positions in the business. Wagner Wealth Management LLC increased its stake in Energy Select Sector SPDR Fund by 270.3% during the third quarter. Wagner Wealth Management LLC now owns 274 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 200 shares during the last quarter. GoalVest Advisory LLC increased its position in shares of Energy Select Sector SPDR Fund by 72.2% during the 3rd quarter. GoalVest Advisory LLC now owns 365 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 153 shares during the last quarter. Roble Belko & Company Inc increased its position in shares of Energy Select Sector SPDR Fund by 92.6% during the 3rd quarter. Roble Belko & Company Inc now owns 366 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 176 shares during the last quarter. Hager Investment Management Services LLC raised its holdings in Energy Select Sector SPDR Fund by 45.8% during the 3rd quarter. Hager Investment Management Services LLC now owns 366 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 115 shares during the period. Finally, Davis Capital Management bought a new stake in Energy Select Sector SPDR Fund in the third quarter worth $36,000.

About Energy Select Sector SPDR Fund

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