Energy Select Sector SPDR Fund (NYSEARCA:XLE) Shares Cross Below 200-Day Moving Average – Time to Sell?

Energy Select Sector SPDR Fund (NYSEARCA:XLE)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $91.05 and traded as low as $89.29. Energy Select Sector SPDR Fund shares last traded at $89.83, with a volume of 9,903,262 shares.

Energy Select Sector SPDR Fund Trading Down 0.0 %

The business’s 50-day moving average is $89.32 and its two-hundred day moving average is $90.98. The stock has a market capitalization of $38.90 billion, a PE ratio of 8.52 and a beta of 0.48.

Hedge Funds Weigh In On Energy Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. IMC Chicago LLC acquired a new position in Energy Select Sector SPDR Fund in the 3rd quarter worth $2,865,000. JFS Wealth Advisors LLC increased its position in shares of Energy Select Sector SPDR Fund by 5.7% during the third quarter. JFS Wealth Advisors LLC now owns 18,010 shares of the exchange traded fund’s stock worth $1,581,000 after acquiring an additional 966 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in shares of Energy Select Sector SPDR Fund by 9.3% in the third quarter. Pinnacle Associates Ltd. now owns 82,619 shares of the exchange traded fund’s stock worth $6,927,000 after acquiring an additional 7,061 shares in the last quarter. WestEnd Advisors LLC grew its stake in Energy Select Sector SPDR Fund by 13.3% during the 3rd quarter. WestEnd Advisors LLC now owns 1,123 shares of the exchange traded fund’s stock valued at $99,000 after purchasing an additional 132 shares in the last quarter. Finally, Highline Wealth Partners LLC purchased a new stake in Energy Select Sector SPDR Fund during the 3rd quarter worth approximately $25,000.

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.