Energy Select Sector SPDR Fund (NYSEARCA:XLE) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Energy Select Sector SPDR Fund (NYSEARCA:XLE) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $89.16 and traded as low as $81.48. Energy Select Sector SPDR Fund shares last traded at $82.39, with a volume of 8,831,003 shares trading hands.

Energy Select Sector SPDR Fund Stock Performance

The company has a market cap of $27.48 billion, a P/E ratio of 14.24 and a beta of 0.93. The business has a fifty day simple moving average of $86.66 and a 200 day simple moving average of $89.16.

Hedge Funds Weigh In On Energy Select Sector SPDR Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in shares of Energy Select Sector SPDR Fund by 20.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,323,494 shares of the exchange traded fund’s stock worth $730,803,000 after buying an additional 1,425,173 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Energy Select Sector SPDR Fund in the 4th quarter valued at approximately $287,435,000. Northern Trust Corp raised its position in Energy Select Sector SPDR Fund by 4.3% during the fourth quarter. Northern Trust Corp now owns 1,370,568 shares of the exchange traded fund’s stock valued at $117,403,000 after buying an additional 56,407 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Energy Select Sector SPDR Fund by 42.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,350,000 shares of the exchange traded fund’s stock valued at $115,641,000 after purchasing an additional 400,000 shares during the period. Finally, Menora Mivtachim Holdings LTD. lifted its position in Energy Select Sector SPDR Fund by 199.2% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,234,700 shares of the exchange traded fund’s stock worth $105,764,000 after buying an additional 822,000 shares in the last quarter.

About Energy Select Sector SPDR Fund

Energy Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Energy Select Sector Index (the Index). The Index includes companies from the following industries oil, gas and consumable fuels, and energy equipment and services.