Traders Buy Shares of Energy Select Sector SPDR Fund (XLE) on Weakness

Traders purchased shares of Energy Select Sector SPDR Fund (NYSEARCA:XLE) on weakness during trading hours on Friday. $138.60 million flowed into the stock on the tick-up and $82.90 million flowed out of the stock on the tick-down, for a money net flow of $55.70 million into the stock. Of all equities tracked, Energy Select Sector SPDR Fund had the 9th highest net in-flow for the day. Energy Select Sector SPDR Fund traded down ($2.07) for the day and closed at $63.91

Hedge funds have recently added to or reduced their stakes in the company. Belpointe Asset Management LLC acquired a new stake in shares of Energy Select Sector SPDR Fund during the third quarter worth $330,000. Morgan Stanley grew its stake in shares of Energy Select Sector SPDR Fund by 12.2% during the third quarter. Morgan Stanley now owns 11,701,493 shares of the exchange traded fund’s stock worth $886,270,000 after purchasing an additional 1,267,761 shares during the period. Waldron Private Wealth LLC grew its stake in shares of Energy Select Sector SPDR Fund by 123.9% during the third quarter. Waldron Private Wealth LLC now owns 7,011 shares of the exchange traded fund’s stock worth $531,000 after purchasing an additional 3,880 shares during the period. Rehmann Capital Advisory Group grew its stake in shares of Energy Select Sector SPDR Fund by 5,802.5% during the third quarter. Rehmann Capital Advisory Group now owns 912,002 shares of the exchange traded fund’s stock worth $4,128,150,000 after purchasing an additional 896,551 shares during the period. Finally, Albion Financial Group UT grew its stake in shares of Energy Select Sector SPDR Fund by 3.2% during the third quarter. Albion Financial Group UT now owns 189,659 shares of the exchange traded fund’s stock worth $14,365,000 after purchasing an additional 5,909 shares during the period.

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Energy Select Sector SPDR Fund Company Profile (NYSEARCA:XLE)

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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