Energy Select Sector SPDR Fund (NYSEARCA:XLE) Stock Price Crosses Below Two Hundred Day Moving Average of $91.30

Energy Select Sector SPDR Fund (NYSEARCA:XLE)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $91.30 and traded as low as $85.35. Energy Select Sector SPDR Fund shares last traded at $85.58, with a volume of 13,091,707 shares trading hands.

Energy Select Sector SPDR Fund Stock Up 0.6 %

The firm has a market cap of $37.08 billion, a price-to-earnings ratio of 8.52 and a beta of 0.48. The company’s fifty day moving average is $89.74 and its 200 day moving average is $91.30.

Hedge Funds Weigh In On Energy Select Sector SPDR Fund

A number of institutional investors have recently added to or reduced their stakes in XLE. Cravens & Co Advisors LLC acquired a new position in Energy Select Sector SPDR Fund during the fourth quarter worth approximately $362,000. Activest Wealth Management increased its holdings in shares of Energy Select Sector SPDR Fund by 20.3% during the 1st quarter. Activest Wealth Management now owns 3,099 shares of the exchange traded fund’s stock worth $293,000 after acquiring an additional 522 shares during the last quarter. Tiff Advisory Services LLC raised its stake in Energy Select Sector SPDR Fund by 6.9% in the 4th quarter. Tiff Advisory Services LLC now owns 156,691 shares of the exchange traded fund’s stock valued at $13,137,000 after acquiring an additional 10,112 shares during the period. Demars Financial Group LLC lifted its holdings in Energy Select Sector SPDR Fund by 3.9% during the 1st quarter. Demars Financial Group LLC now owns 105,978 shares of the exchange traded fund’s stock valued at $10,005,000 after purchasing an additional 3,980 shares during the last quarter. Finally, Global Wealth Strategies & Associates boosted its position in Energy Select Sector SPDR Fund by 4.6% during the first quarter. Global Wealth Strategies & Associates now owns 41,768 shares of the exchange traded fund’s stock worth $3,943,000 after purchasing an additional 1,825 shares during the period.

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.