The Manufacturers Life Insurance Company Sells 68,762 Shares of Energy Select Sector SPDR (XLE)

The Manufacturers Life Insurance Company trimmed its holdings in shares of Energy Select Sector SPDR (NYSE:XLE) by 49.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,004 shares of the exchange traded fund’s stock after selling 68,762 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Energy Select Sector SPDR were worth $4,480,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC grew its position in 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 valued at $460,334,000 after buying an additional 632,685 shares during the period. Rafferty Asset Management LLC boosted its position in shares of Energy Select Sector SPDR by 42.5% in 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 during the period. Charles Schwab Investment Advisory Inc. bought a new position in shares of Energy Select Sector SPDR in the second quarter worth approximately $136,287,000. Wealthfront Inc. boosted its position in shares of Energy Select Sector SPDR by 7.4% in 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 during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Energy Select Sector SPDR by 673.3% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,628,219 shares of the exchange traded fund’s stock worth $105,702,000 after purchasing an additional 1,417,667 shares during the period.

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Energy Select Sector SPDR (XLE) opened at 67.91 on Wednesday. The firm has a 50 day moving average of $67.62 and a 200-day moving average of $66.15. Energy Select Sector SPDR has a 52-week low of $61.80 and a 52-week high of $78.45.

Energy Select Sector SPDR Company 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.

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

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