Traders Buy Shares of Financial Select Sector SPDR Fund (XLF) on Weakness

Investors bought shares of Financial Select Sector SPDR Fund (NYSEARCA:XLF) on weakness during trading on Wednesday. $264.83 million flowed into the stock on the tick-up and $207.69 million flowed out of the stock on the tick-down, for a money net flow of $57.14 million into the stock. Of all equities tracked, Financial Select Sector SPDR Fund had the 17th highest net in-flow for the day. Financial Select Sector SPDR Fund traded down ($0.05) for the day and closed at $27.89

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Monday, December 18th will be paid a dividend of $0.1283 per share. The ex-dividend date is Friday, December 15th. This is a boost from Financial Select Sector SPDR Fund’s previous quarterly dividend of $0.10. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.82%. Financial Select Sector SPDR Fund’s payout ratio is currently -24.55%.

Several hedge funds have recently added to or reduced their stakes in XLF. LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Financial Select Sector SPDR Fund during the 3rd quarter worth about $102,000. San Francisco Sentry Investment Group CA boosted its stake in shares of Financial Select Sector SPDR Fund by 276.3% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 4,166 shares of the exchange traded fund’s stock worth $108,000 after purchasing an additional 3,059 shares during the period. Advisors Preferred LLC purchased a new position in shares of Financial Select Sector SPDR Fund during the 3rd quarter worth about $109,000. Calamos Wealth Management LLC purchased a new position in shares of Financial Select Sector SPDR Fund during the 2nd quarter worth about $204,000. Finally, Stack Financial Management Inc purchased a new position in shares of Financial Select Sector SPDR Fund during the 3rd quarter worth about $211,000.

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About Financial Select Sector SPDR Fund

The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.

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