SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Hits New 1-Year High – Time to Buy?

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $191.24 and last traded at $189.30, with a volume of 295356 shares changing hands. The stock had previously closed at $185.94.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Up 0.4%

The company has a market cap of $3.94 billion, a PE ratio of 11.28 and a beta of 0.53. The business’s 50 day moving average price is $169.86 and its 200-day moving average price is $167.46.

Hedge Funds Weigh In On SPDR S&P Oil & Gas Exploration & Production ETF

A number of institutional investors have recently made changes to their positions in the business. GRIMES & Co WEALTH MANAGEMENT LLC increased its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 3.1% in the 4th quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 3,093 shares of the company’s stock worth $391,000 after acquiring an additional 93 shares during the period. Mercer Global Advisors Inc. ADV raised its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 0.8% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 12,668 shares of the company’s stock worth $1,675,000 after buying an additional 103 shares in the last quarter. Principia Wealth Advisory LLC lifted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 4.6% in the 2nd quarter. Principia Wealth Advisory LLC now owns 2,385 shares of the company’s stock worth $368,000 after acquiring an additional 105 shares during the period. Transamerica Financial Advisors LLC lifted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 2.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 4,965 shares of the company’s stock worth $627,000 after acquiring an additional 109 shares during the period. Finally, Laurel Oak Wealth Management LLC boosted its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 3.8% in the first quarter. Laurel Oak Wealth Management LLC now owns 4,989 shares of the company’s stock valued at $907,000 after acquiring an additional 184 shares in the last quarter.

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. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.