SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Reaches New 52-Week Low – Here’s What Happened

Shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) hit a new 52-week low on Friday . The company traded as low as $105.02 and last traded at $108.45, with a volume of 3687061 shares trading hands. The stock had previously closed at $119.46.

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

The stock has a market capitalization of $1.87 billion, a PE ratio of 12.11 and a beta of 1.34. The firm’s 50 day moving average is $131.35 and its two-hundred day moving average is $135.06.

SPDR S&P Oil & Gas Exploration & Production ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were given a dividend of $0.7607 per share. The ex-dividend date was Monday, March 24th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Anchor Investment Management LLC increased its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 30.3% during the 4th quarter. Anchor Investment Management LLC now owns 331 shares of the company’s stock worth $44,000 after purchasing an additional 77 shares during the period. Providence First Trust Co purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the fourth quarter worth approximately $48,000. AdvisorNet Financial Inc lifted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 42.1% in the fourth quarter. AdvisorNet Financial Inc now owns 1,855 shares of the company’s stock worth $246,000 after acquiring an additional 550 shares during the last quarter. Transcend Capital Advisors LLC lifted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 19.6% in the fourth quarter. Transcend Capital Advisors LLC now owns 6,122 shares of the company’s stock worth $810,000 after acquiring an additional 1,005 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the 4th quarter worth approximately $141,000.

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.