Energy Select Sector SPDR Fund (NYSEARCA:XLE) Stock Passes Above 200-Day Moving Average – Here’s Why

Energy Select Sector SPDR Fund (NYSEARCA:XLE) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $86.48 and traded as high as $92.17. Energy Select Sector SPDR Fund shares last traded at $91.53, with a volume of 19,375,522 shares changing hands.

Energy Select Sector SPDR Fund Stock Performance

The company has a market cap of $27.31 billion, a price-to-earnings ratio of 15.59 and a beta of 0.77. The company’s fifty day moving average is $88.41 and its two-hundred day moving average is $86.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XLE. Collective Family Office LLC raised its stake in shares of Energy Select Sector SPDR Fund by 4.7% during the 3rd quarter. Collective Family Office LLC now owns 2,524 shares of the exchange traded fund’s stock valued at $225,000 after buying an additional 114 shares during the last quarter. Hager Investment Management Services LLC grew its stake in shares of Energy Select Sector SPDR Fund by 45.8% during the 3rd quarter. Hager Investment Management Services LLC now owns 366 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 115 shares during the period. ST Germain D J Co. Inc. increased its holdings in shares of Energy Select Sector SPDR Fund by 3.0% during the 2nd quarter. ST Germain D J Co. Inc. now owns 3,993 shares of the exchange traded fund’s stock valued at $339,000 after purchasing an additional 116 shares in the last quarter. Optimum Investment Advisors lifted its stake in shares of Energy Select Sector SPDR Fund by 2.0% in the 2nd quarter. Optimum Investment Advisors now owns 5,879 shares of the exchange traded fund’s stock valued at $499,000 after purchasing an additional 116 shares during the period. Finally, Moloney Securities Asset Management LLC boosted its holdings in Energy Select Sector SPDR Fund by 1.7% during the second quarter. Moloney Securities Asset Management LLC now owns 7,206 shares of the exchange traded fund’s stock worth $611,000 after buying an additional 117 shares in the last quarter.

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.