Summit Financial LLC Acquires Shares of 1,545 SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP)

Summit Financial LLC acquired a new stake in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) during the 4th quarter, Holdings Channel.com reports. The fund acquired 1,545 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds also recently modified their holdings of XOP. Anchor Investment Management LLC acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the 3rd quarter valued at about $33,000. Providence First Trust Co bought a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the fourth quarter worth approximately $48,000. AdvisorNet Financial Inc grew its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 42.1% in the fourth quarter. AdvisorNet Financial Inc now owns 1,855 shares of the company’s stock valued at $246,000 after purchasing an additional 550 shares during the last quarter. Transcend Capital Advisors LLC increased its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 19.6% during the fourth quarter. Transcend Capital Advisors LLC now owns 6,122 shares of the company’s stock worth $810,000 after purchasing an additional 1,005 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the 4th quarter worth approximately $141,000.

SPDR S&P Oil & Gas Exploration & Production ETF Price Performance

XOP opened at $106.71 on Friday. The business has a fifty day simple moving average of $131.35 and a 200 day simple moving average of $135.04. SPDR S&P Oil & Gas Exploration & Production ETF has a 1 year low of $105.02 and a 1 year high of $162.49. The company has a market capitalization of $1.87 billion, a PE ratio of 12.11 and a beta of 1.34.

SPDR S&P Oil & Gas Exploration & Production ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were paid a $0.7607 dividend. The ex-dividend date was Monday, March 24th.

SPDR S&P Oil & Gas Exploration & Production ETF Profile

SPDR S&P Oil & Gas Exploration & Production ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The S&P Oil & Gas Exploration & Production Select Industry Index represents the oil and gas exploration and production sub-industry portion of the S&P Total Markets Index.