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

Traders bought shares of Financial Select Sector SPDR Fund (NYSEARCA:XLF) on weakness during trading on Wednesday. $160.14 million flowed into the stock on the tick-up and $121.32 million flowed out of the stock on the tick-down, for a money net flow of $38.82 million into the stock. Of all equities tracked, Financial Select Sector SPDR Fund had the 27th highest net in-flow for the day. Financial Select Sector SPDR Fund traded down ($0.01) for the day and closed at $28.72

The firm has a market cap of $33,310.00 and a P/E ratio of -16.56.

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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Monday, March 19th were paid a dividend of $0.1046 per share. The ex-dividend date of this dividend was Friday, March 16th. This represents a $0.42 annualized dividend and a yield of 1.51%. Financial Select Sector SPDR Fund’s payout ratio is currently -25.75%.

Hedge funds and other institutional investors have recently modified their holdings of the business. San Francisco Sentry Investment Group CA grew its stake in shares of Financial Select Sector SPDR Fund by 276.3% during the third quarter. San Francisco Sentry Investment Group CA now owns 4,166 shares of the exchange traded fund’s stock valued at $108,000 after buying an additional 3,059 shares during the last quarter. Cerebellum GP LLC bought a new position in shares of Financial Select Sector SPDR Fund during the fourth quarter valued at approximately $127,000. Weaver C. Barksdale & Associates Inc. bought a new position in shares of Financial Select Sector SPDR Fund during the fourth quarter valued at approximately $156,000. Bremer Trust National Association bought a new position in shares of Financial Select Sector SPDR Fund during the fourth quarter valued at approximately $200,000. Finally, Bouchey Financial Group Ltd bought a new position in shares of Financial Select Sector SPDR Fund during the fourth quarter valued at approximately $202,000.

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Financial Select Sector SPDR Fund Company Profile

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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