Energy Select Sector SPDR Fund (NYSEARCA:XLE) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

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 $87.31 and traded as low as $82.61. Energy Select Sector SPDR Fund shares last traded at $83.41, with a volume of 14,273,756 shares trading hands.

Energy Select Sector SPDR Fund Stock Performance

The business’s fifty day moving average price is $81.95 and its 200-day moving average price is $87.25. The stock has a market cap of $26.85 billion, a PE ratio of 14.83 and a beta of 0.78.

Institutional Investors Weigh In On Energy Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Menora Mivtachim Holdings LTD. increased its position in Energy Select Sector SPDR Fund by 305.6% in the first quarter. Menora Mivtachim Holdings LTD. now owns 5,007,550 shares of the exchange traded fund’s stock worth $467,956,000 after purchasing an additional 3,772,850 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Energy Select Sector SPDR Fund in the fourth quarter worth $287,435,000. Hsbc Holdings PLC increased its position in Energy Select Sector SPDR Fund by 770.4% in the first quarter. Hsbc Holdings PLC now owns 3,418,739 shares of the exchange traded fund’s stock worth $319,762,000 after purchasing an additional 3,025,982 shares during the last quarter. JPMorgan Chase & Co. increased its position in Energy Select Sector SPDR Fund by 32.7% in the first quarter. JPMorgan Chase & Co. now owns 10,506,201 shares of the exchange traded fund’s stock worth $981,813,000 after purchasing an additional 2,588,452 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in Energy Select Sector SPDR Fund by 18,164.7% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,558,341 shares of the exchange traded fund’s stock worth $145,627,000 after purchasing an additional 1,549,809 shares during the last quarter.

About Energy Select Sector SPDR Fund

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.