Energy Select Sector SPDR Fund (NYSEARCA:XLE) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Energy Select Sector SPDR Fund (NYSEARCA:XLE) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Energy Select Sector SPDR Fund Price Performance

The stock has a market capitalization of $38.93 billion, a price-to-earnings ratio of 8.52 and a beta of 0.48. The stock’s 50 day simple moving average is $89.35 and its 200-day simple moving average is $91.05.

Institutional Investors Weigh In On Energy Select Sector SPDR Fund

Large investors have recently bought and sold shares of the business. Mark Sheptoff Financial Planning LLC grew its holdings in Energy Select Sector SPDR Fund by 80.6% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 307 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 137 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in Energy Select Sector SPDR Fund in the 3rd quarter valued at $29,000. HHM Wealth Advisors LLC raised its holdings in Energy Select Sector SPDR Fund by 363.3% in 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 period. LRI Investments LLC acquired a new position in Energy Select Sector SPDR Fund during the 1st quarter worth $37,000. Finally, Marquette Asset Management LLC bought a new stake in Energy Select Sector SPDR Fund during the third quarter valued at about $45,000.

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.