Energy Select Sector SPDR Fund (NYSEARCA:XLE) Sets New 12-Month Low – Here’s What Happened

Energy Select Sector SPDR Fund (NYSEARCA:XLE) reached a new 52-week low during trading on Thursday . The stock traded as low as $74.49 and last traded at $82.36, with a volume of 59460058 shares trading hands. The stock had previously closed at $76.44.

Energy Select Sector SPDR Fund Trading Up 2.5 %

The stock has a market capitalization of $28.01 billion, a P/E ratio of 16.23 and a beta of 0.93. The company has a fifty day simple moving average of $88.49 and a two-hundred day simple moving average of $89.80.

Institutional Trading of Energy Select Sector SPDR Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Rialto Wealth Management LLC bought a new stake in Energy Select Sector SPDR Fund in the fourth quarter valued at about $26,000. GKV Capital Management Co. Inc. bought a new stake in shares of Energy Select Sector SPDR Fund in the 4th quarter valued at about $26,000. Hager Investment Management Services LLC acquired a new stake in shares of Energy Select Sector SPDR Fund in the 4th quarter valued at approximately $32,000. Vermillion Wealth Management Inc. bought a new position in Energy Select Sector SPDR Fund during the 4th quarter worth approximately $33,000. Finally, Morling Financial Advisors LLC acquired a new position in Energy Select Sector SPDR Fund during the fourth quarter valued at approximately $34,000.

Energy Select Sector SPDR Fund Company Profile

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.