Cadence Wealth Management LLC Sells 28,933 Shares of SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Cadence Wealth Management LLC decreased its holdings in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 12.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,991 shares of the company’s stock after selling 28,933 shares during the quarter. SPDR S&P Oil & Gas Exploration & Production ETF makes up approximately 15.7% of Cadence Wealth Management LLC’s holdings, making the stock its 2nd largest holding. Cadence Wealth Management LLC owned 1.06% of SPDR S&P Oil & Gas Exploration & Production ETF worth $37,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XOP. Krilogy Financial LLC grew its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 13.9% in the fourth quarter. Krilogy Financial LLC now owns 49,664 shares of the company’s stock valued at $6,694,000 after purchasing an additional 6,047 shares during the period. Abbington Investment Group raised its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 78.8% during the fourth quarter. Abbington Investment Group now owns 48,649 shares of the company’s stock worth $6,143,000 after purchasing an additional 21,435 shares during the period. MH & Associates Securities Management Corp ADV purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the fourth quarter worth approximately $669,000. HighTower Advisors LLC boosted its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 50.6% in the 4th quarter. HighTower Advisors LLC now owns 26,820 shares of the company’s stock valued at $3,386,000 after purchasing an additional 9,009 shares during the last quarter. Finally, Mizuho Markets Cayman LP boosted its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 284.8% in the 4th quarter. Mizuho Markets Cayman LP now owns 9,873 shares of the company’s stock valued at $1,247,000 after purchasing an additional 7,307 shares during the last quarter.

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

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

• Positive Sentiment: Oil prices have stayed firm after a strong rally, with WTI and Brent holding above key technical levels as traders weigh the possibility of further upside if resistance breaks. Crude Oil Price Forecast: Breakout or Pullback Next?
• Positive Sentiment: Middle East tensions remain the dominant driver, with renewed U.S.-Iran conflict, reduced Strait of Hormuz traffic, and Red Sea shipping risks all increasing the chance of supply disruptions that can lift energy shares. Ships shun Strait of Hormuz as renewed fighting strains key oil corridor
• Positive Sentiment: Lower U.S. crude inventories and falling Strategic Petroleum Reserve stocks add support to oil prices, reinforcing a constructive backdrop for exploration-and-production companies held by XOP. Oil stocks in US Strategic Petroleum Reserve fall by 5.1 million barrels to lowest since 1983
• Neutral Sentiment: Some reports noted that oil pulled back at times as mediation efforts and mixed demand signals offset the conflict premium, suggesting volatility may stay high rather than move in one direction. Oil prices dip as mediation efforts offset US-Iran strikes
• Neutral Sentiment: Analyst and ETF commentary mainly reinforced that XOP is a broad energy exploration and production fund, with performance still closely tied to oil-price direction and sector sentiment. Should You Invest in the State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP)?

SPDR S&P Oil & Gas Exploration & Production ETF Stock Up 2.2%

Shares of NYSEARCA XOP opened at $173.83 on Wednesday. SPDR S&P Oil & Gas Exploration & Production ETF has a 52-week low of $121.46 and a 52-week high of $190.36. The firm has a fifty day moving average of $163.58 and a 200-day moving average of $158.75. The stock has a market capitalization of $3.42 billion, a PE ratio of 11.28 and a beta of 0.53.

SPDR S&P Oil & Gas Exploration & Production ETF Company 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.