Energy Select Sector SPDR Fund (NYSEARCA:XLE) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

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 $90.03 and traded as low as $88.72. Energy Select Sector SPDR Fund shares last traded at $89.13, with a volume of 12,150,464 shares traded.

Energy Select Sector SPDR Fund Stock Performance

The firm has a fifty day moving average price of $89.07 and a 200-day moving average price of $90.03. The company has a market capitalization of $32.60 billion, a price-to-earnings ratio of 14.68 and a beta of 1.23.

Institutional Trading of Energy Select Sector SPDR Fund

Large investors have recently bought and sold shares of the business. Pettinga Financial Advisors LLC raised its position in shares of Energy Select Sector SPDR Fund by 1.6% during the third quarter. Pettinga Financial Advisors LLC now owns 40,966 shares of the exchange traded fund’s stock worth $3,597,000 after acquiring an additional 627 shares during the last quarter. Mutual Advisors LLC grew its stake in Energy Select Sector SPDR Fund by 25.4% during the third quarter. Mutual Advisors LLC now owns 88,283 shares of the exchange traded fund’s stock worth $7,928,000 after purchasing an additional 17,891 shares during the period. Adams Diversified Equity Fund Inc. acquired a new stake in Energy Select Sector SPDR Fund during the third quarter worth approximately $5,207,000. Highline Wealth Partners LLC acquired a new stake in Energy Select Sector SPDR Fund during the third quarter worth approximately $25,000. Finally, WestEnd Advisors LLC grew its stake in Energy Select Sector SPDR Fund by 13.3% during the third quarter. WestEnd Advisors LLC now owns 1,123 shares of the exchange traded fund’s stock worth $99,000 after purchasing an additional 132 shares during the period.

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.