SPDR S&P Oil & Gas Exploration & Production ETF $XOP Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC cut its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 49.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,034 shares of the company’s stock after selling 4,956 shares during the quarter. HB Wealth Management LLC’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $915,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 6.6% in the 1st quarter. Jones Financial Companies Lllp now owns 7,389 shares of the company’s stock valued at $973,000 after purchasing an additional 457 shares in the last quarter. Cresset Asset Management LLC increased its position in SPDR S&P Oil & Gas Exploration & Production ETF by 21.0% during the 2nd quarter. Cresset Asset Management LLC now owns 2,037 shares of the company’s stock worth $256,000 after purchasing an additional 354 shares in the last quarter. Cerity Partners LLC raised its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 24.2% in the second quarter. Cerity Partners LLC now owns 11,355 shares of the company’s stock valued at $1,428,000 after buying an additional 2,210 shares during the period. Qube Research & Technologies Ltd raised its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 1,641.6% in the second quarter. Qube Research & Technologies Ltd now owns 7,367 shares of the company’s stock valued at $927,000 after buying an additional 6,944 shares during the period. Finally, Caption Management LLC acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the second quarter valued at approximately $1,642,000.

SPDR S&P Oil & Gas Exploration & Production ETF Trading Up 2.9%

NYSEARCA:XOP opened at $161.99 on Thursday. The firm’s fifty day simple moving average is $164.63 and its 200 day simple moving average is $156.21. SPDR S&P Oil & Gas Exploration & Production ETF has a twelve month low of $121.46 and a twelve month high of $190.36. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 11.28 and a beta of 0.53.

More SPDR S&P Oil & Gas Exploration & Production ETF News

Here are the key news stories impacting SPDR S&P Oil & Gas Exploration & Production ETF this week:

• Positive Sentiment: Oil prices jumped after the U.S. launched fresh strikes against Iran, reviving fears of supply disruption through the Strait of Hormuz and boosting energy producers. Oil rises more than dollar per barrel as US launches fresh strikes against Iran
• Positive Sentiment: U.S. diesel futures posted their biggest daily gains in four years after Russia banned diesel exports, adding to concerns about refined-fuel supply and supporting the broader oil complex. US diesel futures post biggest daily gains in four years after Russia bans exports
• Positive Sentiment: Market commentary pointed to renewed inflation fears and stronger crude prices after Trump said an interim Iran agreement was over, which tends to lift oil-and-gas exploration names like XOP. Investors get inflation ‘wake-up call’ as Trump fires up oil prices
• Positive Sentiment: Reuters also reported earlier strikes on Iran, reinforcing a supply-disruption trade that has been lifting crude and related energy equities. US oil prices jump after US military launches strikes against Iran
• Neutral Sentiment: One offsetting headline: U.S. crude inventories unexpectedly rose by 3 million barrels, which can cap gains if traders focus on near-term supply builds rather than geopolitical risk. U.S. Crude Oil Stockpiles Post Unexpected Build

SPDR S&P Oil & Gas Exploration & Production ETF Profile

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. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.