Energy Select Sector SPDR Fund (NYSEARCA:XLE) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Energy Select Sector SPDR Fund (NYSEARCA:XLE) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $51.18 and traded as high as $57.15. Energy Select Sector SPDR Fund shares last traded at $56.32, with a volume of 88,543,130 shares trading hands.

Energy Select Sector SPDR Fund Stock Performance

The stock has a fifty day simple moving average of $51.64 and a 200-day simple moving average of $47.03. The stock has a market cap of $36.85 billion, a P/E ratio of 15.59 and a beta of 0.77.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of Energy Select Sector SPDR Fund by 51.5% in the fourth quarter. Brighton Jones LLC now owns 9,363 shares of the exchange traded fund’s stock valued at $802,000 after purchasing an additional 3,181 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Energy Select Sector SPDR Fund by 8.6% during the first quarter. AQR Capital Management LLC now owns 31,187 shares of the exchange traded fund’s stock worth $2,914,000 after purchasing an additional 2,480 shares during the last quarter. Castellan Group boosted its holdings in Energy Select Sector SPDR Fund by 9.6% during the second quarter. Castellan Group now owns 68,740 shares of the exchange traded fund’s stock worth $5,830,000 after purchasing an additional 6,035 shares during the last quarter. Simplex Trading LLC bought a new position in Energy Select Sector SPDR Fund in the second quarter valued at $82,000. Finally, Midwest Trust Co bought a new position in Energy Select Sector SPDR Fund in the second quarter valued at $2,139,000.

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