Country Trust Bank raised its stake in Energy Select Sector SPDR (NYSEARCA:XLE) by 1,145.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,340 shares of the exchange traded fund’s stock after buying an additional 29,744 shares during the quarter. Country Trust Bank’s holdings in Energy Select Sector SPDR were worth $2,337,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. Envestnet Asset Management Inc. grew its holdings in shares of Energy Select Sector SPDR by 17.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 385,213 shares of the exchange traded fund’s stock worth $26,378,000 after purchasing an additional 57,977 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of Energy Select Sector SPDR during the 3rd quarter worth $282,000. Allianz Asset Management GmbH purchased a new position in shares of Energy Select Sector SPDR during the 3rd quarter worth $479,000. Green Square Capital LLC grew its holdings in shares of Energy Select Sector SPDR by 231.1% during the 3rd quarter. Green Square Capital LLC now owns 14,362 shares of the exchange traded fund’s stock worth $984,000 after purchasing an additional 10,024 shares during the period. Finally, Crow Point Partners LLC grew its holdings in shares of Energy Select Sector SPDR by 72.9% during the 4th quarter. Crow Point Partners LLC now owns 12,835 shares of the exchange traded fund’s stock worth $930,000 after purchasing an additional 5,412 shares during the period.
Energy Select Sector SPDR (NYSEARCA XLE) opened at $76.48 on Friday. The firm has a market capitalization of $20,010.00 and a price-to-earnings ratio of -12.06. Energy Select Sector SPDR has a twelve month low of $61.80 and a twelve month high of $77.65.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Monday, December 18th were issued a dividend of $0.4583 per share. This represents a $1.83 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Friday, December 15th. Energy Select Sector SPDR’s dividend payout ratio is presently -34.54%.
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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.
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