Kovack Advisors Inc. Acquires 1,436 Shares of Energy Select Sector SPDR (XLE)

Share on StockTwits

Kovack Advisors Inc. lifted its holdings in Energy Select Sector SPDR (NYSEARCA:XLE) by 22.9% in the third quarter, Holdings Channel reports. The fund owned 7,701 shares of the exchange traded fund’s stock after buying an additional 1,436 shares during the period. Kovack Advisors Inc.’s holdings in Energy Select Sector SPDR were worth $583,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in XLE. American Research & Management Co. increased its stake in shares of Energy Select Sector SPDR by 174.8% in the second quarter. American Research & Management Co. now owns 1,374 shares of the exchange traded fund’s stock worth $104,000 after buying an additional 874 shares during the period. Acropolis Investment Management LLC purchased a new position in shares of Energy Select Sector SPDR in the second quarter worth $108,000. Poehling Capital Management LLC increased its stake in shares of Energy Select Sector SPDR by 10,000.0% in the second quarter. Poehling Capital Management LLC now owns 1,515 shares of the exchange traded fund’s stock worth $115,000 after buying an additional 1,500 shares during the period. FTB Advisors Inc. increased its stake in shares of Energy Select Sector SPDR by 123.0% in the second quarter. FTB Advisors Inc. now owns 1,717 shares of the exchange traded fund’s stock worth $130,000 after buying an additional 947 shares during the period. Finally, Clear Perspective Advisors LLC increased its stake in shares of Energy Select Sector SPDR by 311.9% in the second quarter. Clear Perspective Advisors LLC now owns 1,759 shares of the exchange traded fund’s stock worth $134,000 after buying an additional 1,332 shares during the period.

Shares of NYSEARCA XLE traded up $0.20 during mid-day trading on Friday, hitting $73.00. The stock had a trading volume of 23,521,701 shares, compared to its average volume of 14,679,776. Energy Select Sector SPDR has a 1 year low of $64.45 and a 1 year high of $79.42.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 26th. Investors of record on Monday, September 24th were paid a $0.5132 dividend. This represents a $2.05 annualized dividend and a dividend yield of 2.81%. This is an increase from Energy Select Sector SPDR’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, September 21st.

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.

Featured Article: What does earnings per share mean?

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)

Receive News & Ratings for Energy Select Sector SPDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Select Sector SPDR and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply