Blume Capital Management Inc. Purchases New Position in Energy Select Sector SPDR (XLE)

Blume Capital Management Inc. purchased a new position in shares of Energy Select Sector SPDR (NYSEARCA:XLE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 40,175 shares of the exchange traded fund’s stock, valued at approximately $2,304,000. Energy Select Sector SPDR accounts for 1.3% of Blume Capital Management Inc.’s investment portfolio, making the stock its 29th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley lifted its stake in shares of Energy Select Sector SPDR by 12.2% in the 3rd quarter. Morgan Stanley now owns 11,701,493 shares of the exchange traded fund’s stock worth $886,270,000 after acquiring an additional 1,267,761 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Energy Select Sector SPDR by 19.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,625,097 shares of the exchange traded fund’s stock worth $274,565,000 after acquiring an additional 594,481 shares during the period. Lockheed Martin Investment Management Co. lifted its stake in shares of Energy Select Sector SPDR by 16.8% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 3,571,621 shares of the exchange traded fund’s stock worth $204,832,000 after acquiring an additional 513,067 shares during the period. TD Asset Management Inc. lifted its stake in shares of Energy Select Sector SPDR by 10.8% in the third quarter. TD Asset Management Inc. now owns 2,020,300 shares of the exchange traded fund’s stock valued at $153,018,000 after purchasing an additional 197,300 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of Energy Select Sector SPDR by 1.7% in the third quarter. Alliancebernstein L.P. now owns 1,450,417 shares of the exchange traded fund’s stock valued at $109,855,000 after purchasing an additional 24,227 shares during the period.

Shares of NYSEARCA XLE opened at $63.24 on Tuesday. Energy Select Sector SPDR has a 52 week low of $53.36 and a 52 week high of $79.42.

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Energy Select Sector SPDR Company 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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