Sheets Smith Wealth Management Decreases Holdings in Energy Select Sector SPDR (XLE)

Sheets Smith Wealth Management reduced its stake in Energy Select Sector SPDR (NYSEARCA:XLE) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,879 shares of the exchange traded fund’s stock after selling 1,736 shares during the period. Sheets Smith Wealth Management’s holdings in Energy Select Sector SPDR were worth $2,809,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Stillwater Capital Advisors LLC raised its holdings in shares of Energy Select Sector SPDR by 2.0% during the fourth quarter. Stillwater Capital Advisors LLC now owns 48,461 shares of the exchange traded fund’s stock valued at $3,502,000 after buying an additional 933 shares during the last quarter. Rockland Trust Co. raised its holdings in shares of Energy Select Sector SPDR by 73.1% during the fourth quarter. Rockland Trust Co. now owns 18,030 shares of the exchange traded fund’s stock valued at $1,303,000 after buying an additional 7,617 shares during the last quarter. Country Trust Bank raised its holdings in shares of Energy Select Sector SPDR by 1,145.8% during the fourth quarter. Country Trust Bank now owns 32,340 shares of the exchange traded fund’s stock valued at $2,337,000 after buying an additional 29,744 shares during the last quarter. Stock Yards Bank & Trust Co. bought a new stake in shares of Energy Select Sector SPDR during the fourth quarter valued at approximately $737,000. Finally, Patriot Wealth Management Inc. raised its holdings in shares of Energy Select Sector SPDR by 68.7% during the fourth quarter. Patriot Wealth Management Inc. now owns 5,877 shares of the exchange traded fund’s stock valued at $425,000 after buying an additional 2,393 shares during the last quarter.

Energy Select Sector SPDR (XLE) traded up $0.74 on Friday, hitting $77.42. The stock had a trading volume of 3,300,000 shares. The company has a market capitalization of $20,250.00 and a PE ratio of -12.21. Energy Select Sector SPDR has a 52 week low of $61.80 and a 52 week high of $77.62.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Monday, December 18th were issued a dividend of $0.4583 per share. The ex-dividend date was Friday, December 15th. This represents a $1.83 dividend on an annualized basis and a dividend yield of 2.37%. Energy Select Sector SPDR’s dividend payout ratio (DPR) is presently -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.

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

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