Energy Select Sector SPDR Fund (NYSEARCA:XLE) Hits New 12-Month High – Still a Buy?

Energy Select Sector SPDR Fund (NYSEARCA:XLE)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $49.05 and last traded at $48.7330, with a volume of 15047931 shares changing hands. The stock had previously closed at $47.60.

Energy Select Sector SPDR Fund Price Performance

The business has a 50 day moving average of $45.46 and a 200 day moving average of $44.43. The company has a market cap of $29.91 billion, a PE ratio of 15.59 and a beta of 0.77.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Wagner Wealth Management LLC increased its holdings in Energy Select Sector SPDR Fund by 270.3% during the third quarter. Wagner Wealth Management LLC now owns 274 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 200 shares during the last quarter. Highline Wealth Partners LLC boosted its stake in shares of Energy Select Sector SPDR Fund by 588.2% during the second quarter. Highline Wealth Partners LLC now owns 351 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 300 shares during the period. GoalVest Advisory LLC lifted its stake in shares of Energy Select Sector SPDR Fund by 72.2% during the 3rd quarter. GoalVest Advisory LLC now owns 365 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 153 shares during the last quarter. Roble Belko & Company Inc boosted its holdings in shares of Energy Select Sector SPDR Fund by 92.6% in the 3rd quarter. Roble Belko & Company Inc now owns 366 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 176 shares in the last quarter. Finally, Hager Investment Management Services LLC grew its holdings in Energy Select Sector SPDR Fund by 45.8% in the third quarter. Hager Investment Management Services LLC now owns 366 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 115 shares during the last quarter.

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. The Fund’s investment advisor is SSgA Funds Management, Inc