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

Energy Select Sector SPDR Fund (NYSEARCA:XLE) shares reached a new 52-week high on Tuesday . The stock traded as high as $64.95 and last traded at $64.4720, with a volume of 3726340 shares changing hands. The stock had previously closed at $63.96.

Energy Select Sector SPDR Fund Price Performance

The stock has a market cap of $42.69 billion, a price-to-earnings ratio of 15.59 and a beta of 0.42. The firm’s fifty day moving average price is $58.78 and its two-hundred day moving average price is $57.86.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Second Line Capital LLC increased its holdings in shares of Energy Select Sector SPDR Fund by 14.9% during the second quarter. Second Line Capital LLC now owns 3,992 shares of the exchange traded fund’s stock valued at $212,000 after acquiring an additional 518 shares in the last quarter. Range Advisory LLC raised its holdings in Energy Select Sector SPDR Fund by 7.4% during the second quarter. Range Advisory LLC now owns 9,193 shares of the exchange traded fund’s stock worth $488,000 after buying an additional 633 shares during the last quarter. Brown Lisle Cummings Inc. bought a new position in shares of Energy Select Sector SPDR Fund in the second quarter valued at $36,000. Tucker Asset Management LLC lifted its stake in shares of Energy Select Sector SPDR Fund by 1.8% in the second quarter. Tucker Asset Management LLC now owns 92,467 shares of the exchange traded fund’s stock valued at $4,911,000 after buying an additional 1,599 shares in the last quarter. Finally, Principia Wealth Advisory LLC grew its holdings in shares of Energy Select Sector SPDR Fund by 36.9% during the second quarter. Principia Wealth Advisory LLC now owns 64,427 shares of the exchange traded fund’s stock valued at $3,424,000 after buying an additional 17,374 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.