Train Babcock Advisors LLC Invests $650,000 in Energy Select Sector SPDR (XLE) Stock

Train Babcock Advisors LLC bought a new position in shares of Energy Select Sector SPDR (NYSEARCA:XLE) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 9,000 shares of the exchange traded fund’s stock, valued at approximately $650,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BB&T Investment Services Inc. raised its position in Energy Select Sector SPDR by 103.9% in the 3rd quarter. BB&T Investment Services Inc. now owns 2,117 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 1,079 shares in the last quarter. Grove Bank & Trust raised its position in Energy Select Sector SPDR by 6,582.5% in 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 in the last quarter. Aspen Investment Management Inc acquired a new stake in Energy Select Sector SPDR in the 3rd quarter valued at about $203,000. Dorsey & Whitney Trust CO LLC acquired a new stake in Energy Select Sector SPDR in the 3rd quarter valued at about $203,000. Finally, Argent Trust Co acquired a new stake in Energy Select Sector SPDR in the 3rd quarter valued at about $218,000.

Shares of Energy Select Sector SPDR (XLE) opened at $75.14 on Thursday. The stock has a market capitalization of $19,460.00 and a PE ratio of -11.85. Energy Select Sector SPDR has a 12-month low of $61.80 and a 12-month high of $75.59.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th were given a $0.4583 dividend. This represents a $1.83 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Friday, December 15th. Energy Select Sector SPDR’s dividend payout ratio is currently -34.54%.

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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.

Want to see what other hedge funds are holding XLE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energy Select Sector SPDR (NYSEARCA:XLE).

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

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