Energy Select Sector SPDR Fund (NYSEARCA:XLE) Shares Pass Below 200 Day Moving Average of $91.32

Energy Select Sector SPDR Fund (NYSEARCA:XLE) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $91.32 and traded as low as $87.02. Energy Select Sector SPDR Fund shares last traded at $87.14, with a volume of 12,494,631 shares traded.

Energy Select Sector SPDR Fund Trading Down 1.3 %

The firm’s fifty day moving average price is $90.23 and its 200-day moving average price is $91.32. The company has a market cap of $37.27 billion, a price-to-earnings ratio of 8.52 and a beta of 0.48.

Hedge Funds Weigh In On Energy Select Sector SPDR Fund

Institutional investors have recently modified their holdings of the business. Mark Sheptoff Financial Planning LLC increased its holdings in Energy Select Sector SPDR Fund by 80.6% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 307 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 137 shares in the last quarter. Able Wealth Management LLC bought a new position in shares of Energy Select Sector SPDR Fund during the fourth quarter worth about $26,000. JNBA Financial Advisors raised its position in Energy Select Sector SPDR Fund by 378.8% in the 4th quarter. JNBA Financial Advisors now owns 316 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 250 shares during the last quarter. American Capital Advisory LLC bought a new stake in Energy Select Sector SPDR Fund in the 1st quarter valued at approximately $30,000. Finally, HHM Wealth Advisors LLC boosted its position in Energy Select Sector SPDR Fund by 363.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 366 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 287 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.