C M Bidwell & Associates Ltd. Takes $1.25 Million Position in Energy Select Sector SPDR (NYSE:XLE)

C M Bidwell & Associates Ltd. purchased a new stake in Energy Select Sector SPDR (NYSE:XLE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 19,288 shares of the exchange traded fund’s stock, valued at approximately $1,252,000.

Several other hedge funds also recently modified their holdings of XLE. FMR LLC lifted its stake in Energy Select Sector SPDR by 9.8% during the second quarter. FMR LLC now owns 7,090,791 shares of the exchange traded fund’s stock worth $460,334,000 after purchasing an additional 632,685 shares during the last quarter. Rafferty Asset Management LLC lifted its stake in Energy Select Sector SPDR by 42.5% during the second quarter. Rafferty Asset Management LLC now owns 5,319,681 shares of the exchange traded fund’s stock worth $345,354,000 after purchasing an additional 1,587,512 shares during the last quarter. Charles Schwab Investment Advisory Inc. bought a new stake in Energy Select Sector SPDR during the second quarter worth $136,287,000. Wealthfront Inc. lifted its stake in Energy Select Sector SPDR by 7.4% during the second quarter. Wealthfront Inc. now owns 1,966,611 shares of the exchange traded fund’s stock worth $127,672,000 after purchasing an additional 134,960 shares during the last quarter. Finally, Veritable L.P. lifted its stake in Energy Select Sector SPDR by 0.9% during the second quarter. Veritable L.P. now owns 1,255,689 shares of the exchange traded fund’s stock worth $81,519,000 after purchasing an additional 11,352 shares during the last quarter.

Energy Select Sector SPDR (NYSE:XLE) traded down 0.26% during midday trading on Tuesday, reaching $68.11. The company’s stock had a trading volume of 1,960,097 shares. The stock has a 50-day moving average price of $66.48 and a 200 day moving average price of $66.35. Energy Select Sector SPDR has a 12 month low of $61.80 and a 12 month high of $78.45.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Monday, September 18th were given a $0.8654 dividend. This represents a $3.46 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date was Friday, September 15th. This is a boost from Energy Select Sector SPDR’s previous quarterly dividend of $0.45.

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Energy Select Sector SPDR 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.

Institutional Ownership by Quarter for Energy Select Sector SPDR (NYSE:XLE)

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