SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Shares Down 6.2%

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP)’s stock price traded down 6.2% during mid-day trading on Thursday . The company traded as low as $23.16 and last traded at $23.47, 55,925,465 shares traded hands during trading. An increase of 157% from the average session volume of 21,730,463 shares. The stock had previously closed at $25.03.

The firm has a 50-day moving average price of $25.71.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XOP. Deutsche Bank AG purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 4th quarter valued at about $52,045,000. Legacy Advisors LLC purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 1st quarter valued at about $223,000. WP Advisors LLC purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 1st quarter valued at about $36,000. Appleton Partners Inc. MA purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 1st quarter valued at about $278,000. Finally, Brookstone Capital Management purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 1st quarter valued at about $271,000.

About SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP)

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.

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