Alpine Global Management LLC Invests $1.51 Million in Energy Select Sector SPDR (XLE)

Alpine Global Management LLC bought a new position in shares of Energy Select Sector SPDR (NYSE:XLE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,286 shares of the exchange traded fund’s stock, valued at approximately $1,512,000.

Several other hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of 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 in the last quarter. Rafferty Asset Management LLC increased its stake in shares of 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 in the last quarter. Charles Schwab Investment Advisory Inc. purchased a new stake in shares of Energy Select Sector SPDR during the second quarter worth about $136,287,000. Wealthfront Inc. increased its stake in shares of 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 in the last quarter. Finally, Veritable L.P. increased its stake in shares of 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 in the last quarter.

Energy Select Sector SPDR (NYSE XLE) traded up 0.19% during mid-day trading on Monday, hitting $68.20. 2,131,175 shares of the stock were exchanged. Energy Select Sector SPDR has a one year low of $61.80 and a one year high of $78.45. The company has a 50-day moving average price of $65.55 and a 200-day moving average price of $66.41.

The company also recently announced a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 18th were paid a $0.8654 dividend. This represents a $3.46 annualized dividend and a dividend 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.

Several other hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of 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 in the last quarter. Rafferty Asset Management LLC increased its stake in shares of 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 in the last quarter. Charles Schwab Investment Advisory Inc. purchased a new stake in shares of Energy Select Sector SPDR during the second quarter worth about $136,287,000. Wealthfront Inc. increased its stake in shares of 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 in the last quarter. Finally, Veritable L.P. increased its stake in shares of 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 in the last quarter.

Energy Select Sector SPDR (NYSE XLE) traded up 0.19% during mid-day trading on Monday, hitting $68.20. 2,131,175 shares of the stock were exchanged. Energy Select Sector SPDR has a one year low of $61.80 and a one year high of $78.45. The company has a 50-day moving average price of $65.55 and a 200-day moving average price of $66.41.

The company also recently announced a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 18th were paid a $0.8654 dividend. This represents a $3.46 annualized dividend and a dividend 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.

COPYRIGHT VIOLATION WARNING: This news story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/09/alpine-global-management-llc-invests-1-51-million-in-energy-select-sector-spdr-xle.html.

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.

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

Receive News & Ratings for Energy Select Sector SPDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Select Sector SPDR and related companies with MarketBeat.com's FREE daily email newsletter.