Envestnet Portfolio Solutions Inc. Purchases Shares of 785,292 SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Envestnet Portfolio Solutions Inc. purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 785,292 shares of the company’s stock, valued at approximately $121,139,000.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 4,563.1% in the second quarter. Envestnet Asset Management Inc. now owns 893,627 shares of the company’s stock valued at $137,851,000 after purchasing an additional 874,463 shares during the last quarter. Tidal Investments LLC acquired a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the 2nd quarter worth approximately $1,235,000. Capital Analysts LLC bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the 2nd quarter valued at $41,000. Integrated Wealth Concepts LLC boosted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 3.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 15,499 shares of the company’s stock valued at $2,391,000 after purchasing an additional 462 shares during the period. Finally, RFG Advisory LLC bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the 2nd quarter valued at $5,749,000.

SPDR S&P Oil & Gas Exploration & Production ETF Price Performance

NYSEARCA XOP traded up $1.04 on Wednesday, reaching $182.65. The stock had a trading volume of 5,076,067 shares, compared to its average volume of 4,147,855. The company has a market cap of $3.95 billion, a P/E ratio of 11.28 and a beta of 0.54. The firm has a fifty day moving average of $181.78 and a two-hundred day moving average of $172.40. SPDR S&P Oil & Gas Exploration & Production ETF has a 1-year low of $122.11 and a 1-year high of $200.89.

Trending Headlines about SPDR S&P Oil & Gas Exploration & Production ETF

Here are the key news stories impacting SPDR S&P Oil & Gas Exploration & Production ETF this week:

• Positive Sentiment: Oil prices recovered as traders focused on a potential global diesel shortage, supporting the earnings outlook for U.S. exploration and production companies held by XOP. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Traders Focus On Global Diesel Shortage
• Positive Sentiment: WTI bounced near its 50-day exponential moving average while Brent remained close to $100 per barrel, preserving a bullish technical outlook and helping energy equities recover. WTI and Brent Forecast: Oil Bulls Return at Key Support
• Positive Sentiment: A U.S. judge dismissed Michigan’s climate-related antitrust case against major oil companies, reducing a potential legal overhang for the broader oil industry. US judge dismisses Michigan climate lawsuit against oil companies

SPDR S&P Oil & Gas Exploration & Production ETF Profile

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.