SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Shares Cross Below Fifty Day Moving Average – Here’s Why

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $136.66 and traded as low as $130.64. SPDR S&P Oil & Gas Exploration & Production ETF shares last traded at $132.37, with a volume of 2,463,332 shares traded.

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

The business’s 50-day moving average is $136.66 and its two-hundred day moving average is $138.00. The firm has a market cap of $3.38 billion, a P/E ratio of 4.95 and a beta of 0.68.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. SPX Gestao de Recursos Ltda acquired a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the second quarter valued at $24,973,000. JPMorgan Chase & Co. raised its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 17.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 719,268 shares of the company’s stock valued at $94,598,000 after purchasing an additional 105,387 shares during the period. Toronto Dominion Bank lifted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 24.0% in the 3rd quarter. Toronto Dominion Bank now owns 366,925 shares of the company’s stock valued at $48,258,000 after purchasing an additional 71,116 shares during the last quarter. SG Americas Securities LLC grew its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 233.4% during the third quarter. SG Americas Securities LLC now owns 41,281 shares of the company’s stock worth $5,429,000 after purchasing an additional 28,901 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter worth approximately $3,456,000.

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

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.