Energy Select Sector SPDR Fund (NYSEARCA:XLE) Reaches New 52-Week High – Should You Buy?

Energy Select Sector SPDR Fund (NYSEARCA:XLE)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $63.71 and last traded at $63.3470, with a volume of 4365361 shares changing hands. The stock had previously closed at $62.58.

Energy Select Sector SPDR Fund Stock Up 1.1%

The firm has a market capitalization of $41.50 billion, a price-to-earnings ratio of 15.59 and a beta of 0.42. The company has a fifty day moving average price of $56.87 and a two-hundred day moving average price of $56.92.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vermillion Wealth Management Inc. raised its position in shares of Energy Select Sector SPDR Fund by 85.7% during the 4th quarter. Vermillion Wealth Management Inc. now owns 609 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 281 shares during the last quarter. Banque Cantonale Vaudoise boosted its stake in Energy Select Sector SPDR Fund by 58.6% in the 4th quarter. Banque Cantonale Vaudoise now owns 617 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 228 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new stake in Energy Select Sector SPDR Fund in the fourth quarter valued at approximately $28,000. Costello Asset Management INC purchased a new stake in shares of Energy Select Sector SPDR Fund during the 4th quarter valued at $29,000. Finally, Blueline Advisors LLC acquired a new stake in Energy Select Sector SPDR Fund during the fourth quarter worth about $29,000.

Energy Select Sector SPDR Fund Company Profile

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.