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

Energy Select Sector SPDR Fund (NYSEARCA:XLE) shares hit a new 52-week high during trading on Monday. The company traded as high as $69.72 and last traded at $69.0680, with a volume of 38,636,116 shares. The stock had previously closed at $69.33.

Energy Select Sector SPDR Fund Price Performance

The company’s fifty day moving average price is $64.38 and its 200 day moving average price is $59.73. The company has a market cap of $46.33 billion, a PE ratio of 15.59 and a beta of 0.48.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of XLE. Triumph Capital Management lifted its position in shares of Energy Select Sector SPDR Fund by 2.3% during the 3rd quarter. Triumph Capital Management now owns 6,844 shares of the exchange traded fund’s stock worth $421,000 after buying an additional 153 shares during the last quarter. Mather Group LLC. grew its stake in shares of Energy Select Sector SPDR Fund by 1.5% in the 3rd quarter. Mather Group LLC. now owns 10,387 shares of the exchange traded fund’s stock valued at $639,000 after buying an additional 157 shares during the period. Evanson Financial LLC raised its holdings in shares of Energy Select Sector SPDR Fund by 2.6% in the 3rd quarter. Evanson Financial LLC now owns 6,117 shares of the exchange traded fund’s stock worth $376,000 after acquiring an additional 157 shares during the last quarter. KFG Wealth Management LLC boosted its holdings in Energy Select Sector SPDR Fund by 4.1% during the 3rd quarter. KFG Wealth Management LLC now owns 3,997 shares of the exchange traded fund’s stock worth $246,000 after acquiring an additional 158 shares during the last quarter. Finally, Summit Financial Strategies Inc. boosted its position in Energy Select Sector SPDR Fund by 2.6% in the second quarter. Summit Financial Strategies Inc. now owns 6,440 shares of the exchange traded fund’s stock worth $342,000 after purchasing an additional 164 shares during the last quarter.

About Energy Select Sector SPDR Fund

The Energy Select Sector SPDR ETF is a State Street exchange-traded fund that seeks to track the price and yield performance of the Energy Select Sector Index, before expenses. The index is designed to provide broad representation of the energy sector within the S&P 500, covering companies in the oil, gas and consumable fuels, and energy equipment and services industries. Component companies are selected from the S&P 500 universe based on general industry classification, and the Energy Select Sector Index is one of eleven Select Sector Indexes that together comprise all S&P 500 constituents.