SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Shares Pass Below 50-Day Moving Average – Should You Sell?

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $137.29 and traded as low as $126.02. SPDR S&P Oil & Gas Exploration & Production ETF shares last traded at $128.33, with a volume of 1,422,643 shares trading hands.

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

The firm has a fifty day simple moving average of $137.29 and a 200-day simple moving average of $138.76. The company has a market capitalization of $3.27 billion, a PE ratio of 4.95 and a beta of 0.68.

Institutional Investors Weigh In On SPDR S&P Oil & Gas Exploration & Production ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Game Plan Financial Advisors LLC bought a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 2nd quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the second quarter worth $29,000. Anchor Investment Management LLC bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter valued at $33,000. Rothschild Investment LLC acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the second quarter worth $37,000. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 500.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 300 shares of the company’s stock worth $39,000 after buying an additional 250 shares during the last quarter.

SPDR S&P Oil & Gas Exploration & Production ETF Company 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.