Traders Buy Industrial Select Sector SPDR Fund (XLI) on Weakness

Investors bought shares of Industrial Select Sector SPDR Fund (NYSEARCA:XLI) on weakness during trading hours on Wednesday. $169.60 million flowed into the stock on the tick-up and $67.33 million flowed out of the stock on the tick-down, for a money net flow of $102.27 million into the stock. Of all companies tracked, Industrial Select Sector SPDR Fund had the 10th highest net in-flow for the day. Industrial Select Sector SPDR Fund traded down ($0.01) for the day and closed at $78.43

The stock has a market cap of $13,840.00 and a PE ratio of 10.60.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th were given a dividend of $0.4017 per share. This is a positive change from Industrial Select Sector SPDR Fund’s previous quarterly dividend of $0.32. This represents a $1.61 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Friday, December 15th. Industrial Select Sector SPDR Fund’s dividend payout ratio is 18.11%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fieldpoint Private Securities LLC bought a new stake in Industrial Select Sector SPDR Fund during the third quarter worth $152,000. U S Global Investors Inc. bought a new stake in Industrial Select Sector SPDR Fund during the second quarter worth $157,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD raised its position in Industrial Select Sector SPDR Fund by 68.8% during the third quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 2,454 shares of the exchange traded fund’s stock worth $174,000 after acquiring an additional 1,000 shares in the last quarter. Accuvest Global Advisors bought a new stake in Industrial Select Sector SPDR Fund during the third quarter worth $190,000. Finally, Merriman Wealth Management LLC bought a new stake in Industrial Select Sector SPDR Fund during the third quarter worth $201,000.

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Industrial Select Sector SPDR Fund Company Profile

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.

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