Energy Select Sector SPDR Fund (NYSEARCA:XLE) Shares Cross Above 50-Day Moving Average of $58.94

Shares of Energy Select Sector SPDR Fund (NYSEARCA:XLE) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $58.94 and traded as high as $57.71. Energy Select Sector SPDR Fund shares last traded at $57.24, with a volume of 401,610 shares traded.

The company has a 50 day moving average of $58.94 and a two-hundred day moving average of $61.87.

The firm also recently announced a — dividend, which was paid on Wednesday, September 25th. Investors of record on Monday, September 23rd were paid a dividend of $0.5605 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a yield of 3.5%.

A number of hedge funds have recently made changes to their positions in the stock. HM Payson & Co. acquired a new stake in Energy Select Sector SPDR Fund during the 2nd quarter worth about $27,000. Meridian Wealth Management LLC acquired a new stake in Energy Select Sector SPDR Fund during the 1st quarter worth about $31,000. Mcmillion Capital Management Inc. acquired a new stake in Energy Select Sector SPDR Fund during the 2nd quarter worth about $31,000. Financial Gravity Wealth Inc. lifted its position in Energy Select Sector SPDR Fund by 427.1% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 564 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 457 shares during the period. Finally, Rice Partnership LLC acquired a new stake in Energy Select Sector SPDR Fund during the 2nd quarter worth about $42,000.

About Energy Select Sector SPDR Fund (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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