Investors purchased shares of Energy Select Sector SPDR (NYSEARCA:XLE) on weakness during trading on Tuesday. $102.93 million flowed into the stock on the tick-up and $63.71 million flowed out of the stock on the tick-down, for a money net flow of $39.22 million into the stock. Of all equities tracked, Energy Select Sector SPDR had the 32nd highest net in-flow for the day. Energy Select Sector SPDR traded down ($0.49) for the day and closed at $67.94
The stock has a market capitalization of $17,420.00 and a price-to-earnings ratio of -10.65.
Several hedge funds and other institutional investors have recently modified their holdings of XLE. Balentine LLC purchased a new stake in Energy Select Sector SPDR in the fourth quarter valued at approximately $127,072,000. Envestnet Asset Management Inc. grew its holdings in Energy Select Sector SPDR by 238.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,302,492 shares of the exchange traded fund’s stock valued at $94,118,000 after purchasing an additional 917,279 shares during the period. Meitav Dash Investments Ltd. purchased a new stake in Energy Select Sector SPDR in the fourth quarter valued at approximately $60,774,000. Two Sigma Advisers LP purchased a new stake in Energy Select Sector SPDR in the fourth quarter valued at approximately $45,391,000. Finally, Lockheed Martin Investment Management Co. grew its holdings in Energy Select Sector SPDR by 15.9% in the fourth quarter. Lockheed Martin Investment Management Co. now owns 2,830,954 shares of the exchange traded fund’s stock valued at $204,565,000 after purchasing an additional 389,185 shares during the period.
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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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