Energy Select Sector SPDR Fund (NYSEARCA:XLE) Share Price Passes Below 200 Day Moving Average – Here’s Why

Energy Select Sector SPDR Fund (NYSEARCA:XLE) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $90.75 and traded as low as $88.36. Energy Select Sector SPDR Fund shares last traded at $88.59, with a volume of 15,809,436 shares trading hands.

Energy Select Sector SPDR Fund Stock Performance

The stock has a market capitalization of $38.39 billion, a PE ratio of 8.52 and a beta of 0.48. The stock’s 50-day moving average is $89.25 and its 200 day moving average is $90.75.

Hedge Funds Weigh In On Energy Select Sector SPDR Fund

A number of large investors have recently modified their holdings of the business. Cetera Investment Advisers grew its holdings in shares of Energy Select Sector SPDR Fund by 274.0% in the 1st quarter. Cetera Investment Advisers now owns 934,542 shares of the exchange traded fund’s stock worth $88,230,000 after acquiring an additional 684,648 shares during the period. Envestnet Asset Management Inc. grew its stake in Energy Select Sector SPDR Fund by 27.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,103,995 shares of the exchange traded fund’s stock worth $282,929,000 after acquiring an additional 671,582 shares during the period. LPL Financial LLC increased its stake in Energy Select Sector SPDR Fund by 8.6% in the second quarter. LPL Financial LLC now owns 8,093,261 shares of the exchange traded fund’s stock valued at $737,701,000 after purchasing an additional 640,023 shares during the last quarter. Advisors Preferred LLC acquired a new position in shares of Energy Select Sector SPDR Fund during the 1st quarter valued at about $60,209,000. Finally, Quotient Wealth Partners LLC raised its stake in Energy Select Sector SPDR Fund by 9,537.9% during the second quarter. Quotient Wealth Partners LLC now owns 561,794 shares of the exchange traded fund’s stock worth $51,208,000 after purchasing an additional 555,965 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.