Energy Select Sector SPDR Fund (NYSEARCA:XLE) Sets New 1-Year High – Here’s What Happened

Energy Select Sector SPDR Fund (NYSEARCA:XLE) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $49.89 and last traded at $49.22, with a volume of 40082972 shares trading hands. The stock had previously closed at $49.19.

Energy Select Sector SPDR Fund Stock Performance

The business has a fifty day moving average of $45.75 and a two-hundred day moving average of $44.58. The firm has a market capitalization of $30.35 billion, a price-to-earnings ratio of 15.59 and a beta of 0.77.

Hedge Funds Weigh In On Energy Select Sector SPDR Fund

Several large investors have recently modified their holdings of XLE. Cibc World Market Inc. boosted its holdings in shares of Energy Select Sector SPDR Fund by 436.8% during the 3rd quarter. Cibc World Market Inc. now owns 2,060,689 shares of the exchange traded fund’s stock worth $184,102,000 after buying an additional 2,672,508 shares during the period. Laurel Wealth Advisors LLC boosted its holdings in shares of Energy Select Sector SPDR Fund by 9,245.7% during the second quarter. Laurel Wealth Advisors LLC now owns 1,549,336 shares of the exchange traded fund’s stock worth $131,399,000 after acquiring an additional 1,532,758 shares during the period. Capital Investment Advisors LLC grew its position in shares of Energy Select Sector SPDR Fund by 1,540.9% in the fourth quarter. Capital Investment Advisors LLC now owns 1,483,398 shares of the exchange traded fund’s stock valued at $66,323,000 after purchasing an additional 1,392,995 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Energy Select Sector SPDR Fund by 52.9% during the third quarter. Envestnet Asset Management Inc. now owns 2,406,215 shares of the exchange traded fund’s stock worth $214,971,000 after purchasing an additional 832,778 shares during the period. Finally, PGIM Custom Harvest LLC bought a new position in shares of Energy Select Sector SPDR Fund during the third quarter worth approximately $71,296,000.

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