Energy Select Sector SPDR Fund (NYSEARCA:XLE) Stock Price Passes Above 50-Day Moving Average of $59.27

Energy Select Sector SPDR Fund (NYSEARCA:XLE) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $59.27 and traded as high as $59.90. Energy Select Sector SPDR Fund shares last traded at $59.78, with a volume of 1,094,149 shares.

The firm has a fifty day simple moving average of $59.27 and a 200 day simple moving average of $60.22.

Several hedge funds have recently added to or reduced their stakes in the stock. Bourgeon Capital Management LLC purchased a new position in Energy Select Sector SPDR Fund during the 3rd quarter valued at about $26,000. HM Payson & Co. bought a new stake in shares of Energy Select Sector SPDR Fund in the 2nd quarter valued at about $27,000. Financial Gravity Wealth Inc. raised its holdings in shares of Energy Select Sector SPDR Fund by 427.1% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 564 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 457 shares in the last quarter. Quest Capital Management Inc. ADV purchased a new stake in shares of Energy Select Sector SPDR Fund in the 3rd quarter worth approximately $46,000. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of Energy Select Sector SPDR Fund by 75.4% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 777 shares of the exchange traded fund’s stock worth $49,000 after purchasing an additional 334 shares during the period.

Energy Select Sector SPDR Fund Company Profile (NYSEARCA:XLE)

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.

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