Energy Select Sector SPDR Fund (NYSEARCA:XLE) Sets New 52-Week High – Here’s What Happened
by Renee Jackson · The Cerbat GemShares of Energy Select Sector SPDR Fund (NYSEARCA:XLE – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $47.41 and last traded at $46.5760, with a volume of 2942555 shares traded. The stock had previously closed at $45.65.
Energy Select Sector SPDR Fund Stock Performance
The company has a market cap of $27.23 billion, a price-to-earnings ratio of 15.59 and a beta of 0.77. The business has a fifty day moving average price of $44.82 and a 200 day moving average price of $44.11.
Hedge Funds Weigh In On Energy Select Sector SPDR Fund
A number of institutional investors and hedge funds have recently added to or reduced their stakes in XLE. Kingstone Capital Partners Texas LLC grew its stake in shares of Energy Select Sector SPDR Fund by 547,621.6% during the second quarter. Kingstone Capital Partners Texas LLC now owns 223,048,647 shares of the exchange traded fund’s stock valued at $19,435,626,000 after buying an additional 223,007,924 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Energy Select Sector SPDR Fund by 6.1% in the third quarter. JPMorgan Chase & Co. now owns 9,868,997 shares of the exchange traded fund’s stock worth $881,696,000 after purchasing an additional 564,058 shares during the last quarter. Menora Mivtachim Holdings LTD. lifted its holdings in Energy Select Sector SPDR Fund by 22.9% in the third quarter. Menora Mivtachim Holdings LTD. now owns 3,610,100 shares of the exchange traded fund’s stock valued at $322,526,000 after acquiring an additional 673,700 shares during the period. Hamilton Capital LLC grew its position in Energy Select Sector SPDR Fund by 5.9% during the second quarter. Hamilton Capital LLC now owns 3,547,173 shares of the exchange traded fund’s stock valued at $300,836,000 after buying an additional 197,154 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Energy Select Sector SPDR Fund by 16.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,294,493 shares of the exchange traded fund’s stock worth $279,420,000 after purchasing an additional 464,816 shares in the last quarter.
About Energy Select Sector SPDR Fund
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. The Fund’s investment advisor is SSgA Funds Management, Inc