Energy Select Sector SPDR Fund (NYSEARCA:XLE – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $63.71 and last traded at $63.3470, with a volume of 4365361 shares trading hands. The stock had previously closed at $62.58.
Energy Select Sector SPDR Fund Stock Performance
The firm has a market capitalization of $41.50 billion, a price-to-earnings ratio of 15.59 and a beta of 0.42. The business has a 50 day simple moving average of $56.87 and a 200-day simple moving average of $56.92.
Institutional Investors Weigh In On Energy Select Sector SPDR Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vermillion Wealth Management Inc. raised its holdings in Energy Select Sector SPDR Fund by 85.7% in the 4th quarter. Vermillion Wealth Management Inc. now owns 609 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 281 shares during the period. Banque Cantonale Vaudoise boosted its holdings in Energy Select Sector SPDR Fund by 58.6% in the fourth quarter. Banque Cantonale Vaudoise now owns 617 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 228 shares during the period. Godfrey Financial Associates Inc. purchased a new position in shares of Energy Select Sector SPDR Fund in the 4th quarter valued at about $28,000. Costello Asset Management INC purchased a new position in Energy Select Sector SPDR Fund in the fourth quarter worth approximately $29,000. Finally, Blueline Advisors LLC acquired a new position in shares of Energy Select Sector SPDR Fund during the fourth quarter worth $29,000.
Energy Select Sector SPDR Fund Company Profile
The Energy Select Sector SPDR ETF is a State Street exchange-traded fund that seeks to track the price and yield performance of the Energy Select Sector Index, before expenses. The index is designed to provide broad representation of the energy sector within the S&P 500, covering companies in the oil, gas and consumable fuels, and energy equipment and services industries. Component companies are selected from the S&P 500 universe based on general industry classification, and the Energy Select Sector Index is one of eleven Select Sector Indexes that together comprise all S&P 500 constituents.
Featured Articles
- Five stocks we like better than Energy Select Sector SPDR Fund
- Berkshire Just Made a Huge Alphabet Bet—Should You Follow?
- Michael Burry Is Betting Against Palantir Again—Should Investors Care?
- Fabrinet’s Sell-Off May Prove It Is One of AI’s Most Misunderstood Stocks
- Orbiting Wealth: Institutions Load Up SpaceX
Receive News & Ratings for Energy Select Sector SPDR Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Select Sector SPDR Fund and related companies with MarketBeat.com's FREE daily email newsletter.
