BB&T Securities LLC boosted its stake in shares of Energy Select Sector SPDR (NYSEARCA:XLE) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,019 shares of the exchange traded fund’s stock after purchasing an additional 6,990 shares during the quarter. BB&T Securities LLC’s holdings in Energy Select Sector SPDR were worth $4,770,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in XLE. Grove Bank & Trust raised its stake in Energy Select Sector SPDR by 6,582.5% during the 3rd quarter. Grove Bank & Trust now owns 2,673 shares of the exchange traded fund’s stock valued at $183,000 after purchasing an additional 2,633 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new position in Energy Select Sector SPDR during the 3rd quarter valued at $203,000. Sii Investments Inc. WI raised its stake in Energy Select Sector SPDR by 23.8% during the 3rd quarter. Sii Investments Inc. WI now owns 13,989 shares of the exchange traded fund’s stock valued at $955,000 after purchasing an additional 2,687 shares during the last quarter. Equity Investment Corp acquired a new position in Energy Select Sector SPDR during the 3rd quarter valued at $1,270,000. Finally, SCS Capital Management LLC acquired a new position in Energy Select Sector SPDR during the 3rd quarter valued at $14,184,000.
Energy Select Sector SPDR (XLE) opened at $67.18 on Friday. Energy Select Sector SPDR has a one year low of $61.80 and a one year high of $78.39. The company has a market cap of $17,330.00 and a price-to-earnings ratio of -10.60.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Stockholders of record on Monday, March 19th were paid a $0.4748 dividend. This is a boost from Energy Select Sector SPDR’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, March 16th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.83%. Energy Select Sector SPDR’s dividend payout ratio is currently -35.49%.
WARNING: This piece was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://ledgergazette.com/2018/03/23/energy-select-sector-spdr-xle-shares-bought-by-bbt-securities-llc.html.
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.
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.