Traders bought shares of Financial Select Sector SPDR Fund (NYSEARCA:XLF) on weakness during trading on Tuesday. $193.63 million flowed into the stock on the tick-up and $109.11 million flowed out of the stock on the tick-down, for a money net flow of $84.52 million into the stock. Of all equities tracked, Financial Select Sector SPDR Fund had the 7th highest net in-flow for the day. Financial Select Sector SPDR Fund traded down ($0.08) for the day and closed at $27.97

The firm has a market cap of $32,830.00 and a P/E ratio of -16.75.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th will be paid a dividend of $0.1283 per share. This is a boost from Financial Select Sector SPDR Fund’s previous quarterly dividend of $0.10. This represents a $0.51 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Friday, December 15th. Financial Select Sector SPDR Fund’s payout ratio is presently -31.14%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Formidable Asset Management LLC increased its stake in Financial Select Sector SPDR Fund by 1.4% during the second quarter. Formidable Asset Management LLC now owns 14,868 shares of the exchange traded fund’s stock worth $367,000 after acquiring an additional 200 shares during the last quarter. Gofen & Glossberg LLC IL grew its stake in shares of Financial Select Sector SPDR Fund by 2.3% during the second quarter. Gofen & Glossberg LLC IL now owns 9,286 shares of the exchange traded fund’s stock valued at $229,000 after buying an additional 211 shares during the last quarter. Bradley Foster & Sargent Inc. CT grew its stake in shares of Financial Select Sector SPDR Fund by 2.4% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 10,609 shares of the exchange traded fund’s stock valued at $262,000 after buying an additional 250 shares during the last quarter. Jackson Grant Investment Advisers Inc. grew its stake in shares of Financial Select Sector SPDR Fund by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 68,427 shares of the exchange traded fund’s stock valued at $1,688,000 after buying an additional 278 shares during the last quarter. Finally, Raymond James Trust N.A. grew its stake in shares of Financial Select Sector SPDR Fund by 0.7% during the second quarter. Raymond James Trust N.A. now owns 49,605 shares of the exchange traded fund’s stock valued at $1,224,000 after buying an additional 360 shares during the last quarter.

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About Financial Select Sector SPDR Fund

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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