Investors Buy Shares of Industrial Select Sector SPDR Fund (XLI) on Weakness

Investors purchased shares of Industrial Select Sector SPDR Fund (NYSEARCA:XLI) on weakness during trading on Wednesday. $169.60 million flowed into the stock on the tick-up and $67.33 million flowed out of the stock on the tick-down, for a money net flow of $102.27 million into the stock. Of all stocks tracked, Industrial Select Sector SPDR Fund had the 10th highest net in-flow for the day. Industrial Select Sector SPDR Fund traded down ($0.01) for the day and closed at $78.43

The company has a market capitalization of $13,840.00 and a P/E ratio of 10.60.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th were paid a $0.4017 dividend. The ex-dividend date was Friday, December 15th. This is an increase from Industrial Select Sector SPDR Fund’s previous quarterly dividend of $0.32. This represents a $1.61 dividend on an annualized basis and a dividend yield of 2.05%. Industrial Select Sector SPDR Fund’s payout ratio is currently 18.11%.

Several large investors have recently modified their holdings of the company. Swan Global Investments LLC grew its position in shares of Industrial Select Sector SPDR Fund by 6.2% during the 3rd quarter. Swan Global Investments LLC now owns 5,680,853 shares of the exchange traded fund’s stock worth $402,148,000 after buying an additional 329,252 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Industrial Select Sector SPDR Fund by 640.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,379,487 shares of the exchange traded fund’s stock worth $65,517,000 after buying an additional 3,787,928 shares during the period. BlackRock Inc. grew its position in shares of Industrial Select Sector SPDR Fund by 19.0% during the 2nd quarter. BlackRock Inc. now owns 2,443,839 shares of the exchange traded fund’s stock worth $166,450,000 after buying an additional 389,772 shares during the period. Pinnacle Advisory Group Inc. grew its position in shares of Industrial Select Sector SPDR Fund by 13.1% during the 3rd quarter. Pinnacle Advisory Group Inc. now owns 1,284,154 shares of the exchange traded fund’s stock worth $91,175,000 after buying an additional 149,171 shares during the period. Finally, National Mutual Insurance Federation of Agricultural Cooperatives acquired a new stake in shares of Industrial Select Sector SPDR Fund during the 3rd quarter worth approximately $86,620,000.

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Industrial Select Sector SPDR Fund Company Profile

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.

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