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 $64.95 and last traded at $64.4720, with a volume of 3726340 shares trading hands. The stock had previously closed at $63.96.
Energy Select Sector SPDR Fund Price Performance
The firm has a market capitalization of $42.24 billion, a price-to-earnings ratio of 15.59 and a beta of 0.42. The stock has a fifty day moving average of $58.34 and a two-hundred day moving average of $57.71.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. acquired a new stake in shares of Energy Select Sector SPDR Fund during the first quarter worth $31,000. Vermillion Wealth Management Inc. lifted its holdings in Energy Select Sector SPDR Fund by 85.7% in the fourth 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 position in Energy Select Sector SPDR Fund by 58.6% during the fourth quarter. Banque Cantonale Vaudoise now owns 617 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 228 shares during the last quarter. Godfrey Financial Associates Inc. bought a new stake in Energy Select Sector SPDR Fund during the fourth quarter valued at $28,000. Finally, Costello Asset Management INC acquired a new stake in Energy Select Sector SPDR Fund during the 4th quarter worth about $29,000.
About Energy Select Sector SPDR Fund
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.
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