Grohowski singled out integrated oil companies for their dividends and oil services companies for the deals and restructuring.
XLE tries to reflect the energy sector of the S&P 500 Index and includes many integrated oil companies, such as Exxon Mobil (NYSE: XOM) 18.3% and Chevron (NYSE: CVX) 14.7%, along with a 18.2% tilt toward energy equipment & services companies. The ETF offers a 3.21% dividend yield.
Energy Select Sector SPDR
For more information on the energy sector, visit our energy category.
Max Chen contributed to this article.