SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Hits New 52-Week High – Time to Buy?

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOPGet Free Report)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $190.45 and last traded at $190.45, with a volume of 94506 shares. The stock had previously closed at $188.18.

Key Headlines Impacting 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:

SPDR S&P Oil & Gas Exploration & Production ETF Trading Down 0.4%

The stock has a market cap of $3.04 billion, a PE ratio of 11.28 and a beta of 0.95. The business’s 50-day moving average price is $153.76 and its 200-day moving average price is $138.26.

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

A number of large investors have recently made changes to their positions in XOP. Abound Wealth Management acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 4th quarter worth $25,000. Godfrey Financial Associates Inc. purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the fourth quarter valued at about $30,000. IFP Advisors Inc boosted its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 360.3% in the third quarter. IFP Advisors Inc now owns 290 shares of the company’s stock worth $38,000 after acquiring an additional 227 shares in the last quarter. Winthrop Capital Management LLC grew its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 40.7% during the third quarter. Winthrop Capital Management LLC now owns 332 shares of the company’s stock worth $44,000 after acquiring an additional 96 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter worth about $46,000.

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

(Get Free Report)

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.

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