Cardinal Point Capital Management ULC Takes Position in SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Cardinal Point Capital Management ULC purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 2,150 shares of the company’s stock, valued at approximately $270,000.

Several other large investors have also modified their holdings of the business. Financial Gravity Asset Management Inc. acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the 1st quarter worth about $29,000. MassMutual Private Wealth & Trust FSB acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the 2nd quarter worth about $38,000. Copia Wealth Management lifted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 476.9% during the 2nd quarter. Copia Wealth Management now owns 375 shares of the company’s stock worth $47,000 after acquiring an additional 310 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the 2nd quarter worth about $130,000. Finally, Harbour Investments Inc. lifted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 36.9% during the 2nd quarter. Harbour Investments Inc. now owns 1,685 shares of the company’s stock worth $212,000 after acquiring an additional 454 shares in the last quarter.

SPDR S&P Oil & Gas Exploration & Production ETF Trading Down 0.9%

XOP opened at $128.46 on Friday. The stock’s 50-day moving average price is $130.07 and its 200 day moving average price is $125.22. SPDR S&P Oil & Gas Exploration & Production ETF has a 12-month low of $99.01 and a 12-month high of $149.82. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 11.28 and a beta of 1.91.

About SPDR S&P Oil & Gas Exploration & Production ETF

SPDR S&P Oil & Gas Exploration & Production ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The S&P Oil & Gas Exploration & Production Select Industry Index represents the oil and gas exploration and production sub-industry portion of the S&P Total Markets Index.