RNC Capital Management LLC Takes Position in Energy Select Sector SPDR (XLE)

RNC Capital Management LLC acquired a new position in shares of Energy Select Sector SPDR (NYSEARCA:XLE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,600 shares of the exchange traded fund’s stock, valued at approximately $260,000.

Other large investors also recently modified their holdings of the company. BB&T Investment Services Inc. grew its holdings in Energy Select Sector SPDR by 103.9% during the 3rd quarter. BB&T Investment Services Inc. now owns 2,117 shares of the exchange traded fund’s stock worth $146,000 after acquiring an additional 1,079 shares during the last quarter. Patten Group Inc. grew its holdings in Energy Select Sector SPDR by 1,629.5% during the 3rd quarter. Patten Group Inc. now owns 51,021 shares of the exchange traded fund’s stock worth $177,000 after acquiring an additional 48,071 shares during the last quarter. Grove Bank & Trust grew its holdings in Energy Select Sector SPDR by 6,582.5% during the 3rd quarter. Grove Bank & Trust now owns 2,673 shares of the exchange traded fund’s stock worth $183,000 after acquiring an additional 2,633 shares during the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in Energy Select Sector SPDR during the 3rd quarter worth about $203,000. Finally, Aspen Investment Management Inc bought a new stake in Energy Select Sector SPDR during the 3rd quarter worth about $203,000.

Shares of Energy Select Sector SPDR (XLE) opened at $76.44 on Wednesday. Energy Select Sector SPDR has a fifty-two week low of $61.80 and a fifty-two week high of $77.65. The company has a market cap of $20,000.00 and a PE ratio of -12.06.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th were given a dividend of $0.4583 per share. The ex-dividend date was Friday, December 15th. This represents a $1.83 dividend on an annualized basis and a yield of 2.40%. Energy Select Sector SPDR’s payout ratio is presently -34.54%.

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Energy Select Sector SPDR 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.

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

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