Energy Select Sector SPDR Fund (NYSEARCA:XLE) Reaches New 1-Year High – Still a Buy?

Energy Select Sector SPDR Fund (NYSEARCA:XLE) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $61.19 and last traded at $61.22, with a volume of 12221813 shares changing hands. The stock had previously closed at $59.63.

Energy Select Sector SPDR Fund Price Performance

The company has a market cap of $39.58 billion, a PE ratio of 15.59 and a beta of 0.77. The company’s 50 day simple moving average is $53.65 and its two-hundred day simple moving average is $47.83.

Energy Select Sector SPDR Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Monday, March 23rd will be given a dividend of $0.3852 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, March 23rd. This is an increase from Energy Select Sector SPDR Fund’s previous quarterly dividend of $0.37.

Institutional Trading of Energy Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XLE. Wagner Wealth Management LLC boosted its position in shares of Energy Select Sector SPDR Fund by 270.3% during the third quarter. Wagner Wealth Management LLC now owns 274 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 200 shares during the period. ORG Wealth Partners LLC lifted its stake in Energy Select Sector SPDR Fund by 100.0% during the 4th quarter. ORG Wealth Partners LLC now owns 568 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 284 shares in the last quarter. Holos Integrated Wealth LLC acquired a new position in Energy Select Sector SPDR Fund during the 4th quarter worth about $26,000. Vermillion Wealth Management Inc. boosted its holdings in Energy Select Sector SPDR Fund by 85.7% during the 4th quarter. Vermillion Wealth Management Inc. now owns 609 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 281 shares during the period. Finally, Banque Cantonale Vaudoise boosted its holdings in Energy Select Sector SPDR Fund by 58.6% during the 4th quarter. Banque Cantonale Vaudoise now owns 617 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 228 shares during the period.

Energy Select Sector SPDR Fund Company 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. The Fund’s investment advisor is SSgA Funds Management, Inc