Kovack Advisors Inc. increased its position in Energy Select Sector SPDR (NYSEARCA:XLE) by 22.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,701 shares of the exchange traded fund’s stock after acquiring an additional 1,436 shares during the quarter. Kovack Advisors Inc.’s holdings in Energy Select Sector SPDR were worth $583,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in XLE. American Research & Management Co. lifted its position in Energy Select Sector SPDR by 174.8% during the second quarter. American Research & Management Co. now owns 1,374 shares of the exchange traded fund’s stock valued at $104,000 after purchasing an additional 874 shares during the last quarter. Acropolis Investment Management LLC bought a new stake in Energy Select Sector SPDR during the second quarter valued at approximately $108,000. Poehling Capital Management LLC lifted its position in Energy Select Sector SPDR by 10,000.0% during the second quarter. Poehling Capital Management LLC now owns 1,515 shares of the exchange traded fund’s stock valued at $115,000 after purchasing an additional 1,500 shares during the last quarter. FTB Advisors Inc. lifted its position in Energy Select Sector SPDR by 123.0% during the second quarter. FTB Advisors Inc. now owns 1,717 shares of the exchange traded fund’s stock valued at $130,000 after purchasing an additional 947 shares during the last quarter. Finally, Clear Perspective Advisors LLC lifted its position in Energy Select Sector SPDR by 311.9% during the second quarter. Clear Perspective Advisors LLC now owns 1,759 shares of the exchange traded fund’s stock valued at $134,000 after purchasing an additional 1,332 shares during the last quarter.

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

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

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.

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

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