Suntrust Banks Inc. Sells 22,183 Shares of Energy Select Sector SPDR (XLE)

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Suntrust Banks Inc. reduced its position in shares of Energy Select Sector SPDR (NYSEARCA:XLE) by 10.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 183,457 shares of the exchange traded fund’s stock after selling 22,183 shares during the quarter. Suntrust Banks Inc. owned 0.07% of Energy Select Sector SPDR worth $12,365,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Nicholas Hoffman & Company LLC. grew its stake in shares of Energy Select Sector SPDR by 16.5% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 4,836 shares of the exchange traded fund’s stock valued at $326,000 after acquiring an additional 686 shares during the period. SPC Financial Inc. grew its stake in shares of Energy Select Sector SPDR by 19.6% during the 1st quarter. SPC Financial Inc. now owns 4,350 shares of the exchange traded fund’s stock valued at $293,000 after acquiring an additional 713 shares during the period. Abbrea Capital LLC grew its stake in shares of Energy Select Sector SPDR by 9.6% during the 1st quarter. Abbrea Capital LLC now owns 8,565 shares of the exchange traded fund’s stock valued at $577,000 after acquiring an additional 748 shares during the period. Captrust Financial Advisors grew its stake in shares of Energy Select Sector SPDR by 4.3% during the 4th quarter. Captrust Financial Advisors now owns 18,932 shares of the exchange traded fund’s stock valued at $1,368,000 after acquiring an additional 772 shares during the period. Finally, ARS Investment Partners LLC grew its stake in shares of Energy Select Sector SPDR by 4.0% during the 1st quarter. ARS Investment Partners LLC now owns 20,248 shares of the exchange traded fund’s stock valued at $1,365,000 after acquiring an additional 780 shares during the period.

Shares of Energy Select Sector SPDR opened at $75.15 on Friday, Marketbeat.com reports. Energy Select Sector SPDR has a 12-month low of $61.80 and a 12-month high of $79.42.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 20th. Shareholders of record on Monday, June 18th were paid a $0.5124 dividend. This represents a $2.05 annualized dividend and a yield of 2.73%. This is an increase from Energy Select Sector SPDR’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, June 15th.

About Energy Select Sector SPDR

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 (NYSEARCA:XLE)

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