Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Declares $0.44 Quarterly Dividend

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) announced a quarterly dividend on Wednesday, December 31st. Investors of record on Monday, June 22nd will be given a dividend of 0.4441 per share by the exchange traded fund on Wednesday, June 24th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, June 22nd.

Industrial Select Sector SPDR Fund Stock Performance

Shares of Industrial Select Sector SPDR Fund stock opened at $180.91 on Friday. The company’s fifty day simple moving average is $173.64 and its two-hundred day simple moving average is $167.73. Industrial Select Sector SPDR Fund has a 12-month low of $141.28 and a 12-month high of $182.92. The company has a market cap of $31.32 billion, a P/E ratio of 24.30 and a beta of 0.99.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in XLI. PVG Asset Management Corp purchased a new stake in Industrial Select Sector SPDR Fund in the first quarter worth $286,000. Pine Valley Investments Ltd Liability Co grew its position in shares of Industrial Select Sector SPDR Fund by 32.3% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 14,515 shares of the exchange traded fund’s stock worth $2,348,000 after buying an additional 3,547 shares during the period. Parallel Advisors LLC increased its stake in shares of Industrial Select Sector SPDR Fund by 20.0% in the 1st quarter. Parallel Advisors LLC now owns 15,007 shares of the exchange traded fund’s stock worth $2,427,000 after acquiring an additional 2,502 shares in the last quarter. NewEdge Advisors LLC lifted its position in Industrial Select Sector SPDR Fund by 11.8% during the 1st quarter. NewEdge Advisors LLC now owns 99,158 shares of the exchange traded fund’s stock valued at $16,037,000 after acquiring an additional 10,442 shares during the period. Finally, Keel Point LLC lifted its position in Industrial Select Sector SPDR Fund by 82.1% during the 1st quarter. Keel Point LLC now owns 6,946 shares of the exchange traded fund’s stock valued at $1,123,000 after acquiring an additional 3,131 shares during the period.

Industrial Select Sector SPDR Fund Company Profile

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.