Energy Select Sector SPDR Fund (NYSEARCA:XLE) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Shares of Energy Select Sector SPDR Fund (NYSEARCA:XLE) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $89.16 and traded as low as $81.48. Energy Select Sector SPDR Fund shares last traded at $82.39, with a volume of 8,831,003 shares trading hands.

Energy Select Sector SPDR Fund Stock Performance

The firm has a market cap of $27.48 billion, a price-to-earnings ratio of 14.24 and a beta of 0.93. The company’s fifty day moving average is $86.66 and its two-hundred day moving average is $89.16.

Institutional Investors Weigh In On Energy Select Sector SPDR Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Rialto Wealth Management LLC acquired a new position in shares of Energy Select Sector SPDR Fund in the fourth quarter worth about $26,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Energy Select Sector SPDR Fund during the fourth quarter worth approximately $26,000. Signature Resources Capital Management LLC acquired a new stake in shares of Energy Select Sector SPDR Fund during the first quarter worth approximately $31,000. Hager Investment Management Services LLC acquired a new stake in Energy Select Sector SPDR Fund in the fourth quarter valued at $32,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Energy Select Sector SPDR Fund in the fourth quarter valued at $33,000.

Energy Select Sector SPDR Fund 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.