Wealthfront Advisers LLC Buys 7,949 Shares of SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Wealthfront Advisers LLC boosted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 50.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 23,665 shares of the company’s stock after buying an additional 7,949 shares during the period. Wealthfront Advisers LLC’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $4,303,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of XOP. Advisors Preferred LLC bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the first quarter worth $63,000. Sanctuary Advisors LLC bought a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the first quarter valued at $442,000. Sigma Planning Corp bought a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the first quarter valued at $384,000. Calamos Advisors LLC purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the first quarter valued at $1,200,000. Finally, Bleakley Financial Group LLC purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the first quarter valued at $1,957,000.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Performance

SPDR S&P Oil & Gas Exploration & Production ETF stock opened at $170.18 on Monday. The firm has a 50-day moving average price of $163.47 and a 200-day moving average price of $158.11. The firm has a market capitalization of $3.39 billion, a PE ratio of 11.28 and a beta of 0.53. SPDR S&P Oil & Gas Exploration & Production ETF has a 12-month low of $121.46 and a 12-month high of $190.36.

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 have been supported by intensifying U.S.-Iran hostilities, including threats to the Strait of Hormuz and the Red Sea export route, raising concerns about tighter global crude supply. Oil rises on intensifying US-Iran hostilities and threat of Red Sea closure
• Positive Sentiment: Reuters also reported a chartered oil tanker was attacked by drones near the Caspian Pipeline Consortium terminal off Russia’s Black Sea coast, adding another supply-risk headline that can lift crude and energy equities. Chartered oil tanker attacked by drones near Black Sea terminal, CPC says
• Positive Sentiment: Oil has also been bolstered by a sharp inventory draw and technical momentum, with traders watching whether crude can break above nearby resistance levels. Natural Gas and Oil Forecast: Inventory Surprise Meets OPEC+ Hike What’s Next for Oil?
• Neutral Sentiment: Market commentary highlighted both bullish and bearish scenarios for energy stocks, with oil’s direction hinging on whether geopolitical risk or a possible easing in tensions dominates next. The best energy stocks right now as two major conflicts keep oil prices elevated
• Negative Sentiment: Some analysts warned that oil could become a broader market headwind if prices stay elevated, which could eventually pressure risk assets and energy demand expectations. Here’s where the smart money believes oil prices could wreak havoc on the stock market

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

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.