Energy Select Sector SPDR Fund (NYSEARCA:XLE) Hits New 52-Week High – Here’s What Happened

Energy Select Sector SPDR Fund (NYSEARCA:XLE)’s stock price reached a new 52-week high during mid-day trading on Monday. The company traded as high as $68.44 and last traded at $68.45, with a volume of 5,357,771 shares trading hands. The stock had previously closed at $68.24.

Energy Select Sector SPDR Fund Stock Down 0.4%

The firm has a fifty day moving average price of $63.67 and a 200-day moving average price of $59.43. The firm has a market cap of $44.47 billion, a price-to-earnings ratio of 15.59 and a beta of 0.48.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of XLE. CPR Investments Inc. acquired a new position in shares of Energy Select Sector SPDR Fund in the 1st quarter valued at $285,000. Cambridge Advisors Inc. acquired a new stake in shares of Energy Select Sector SPDR Fund during the 1st quarter worth $217,000. Terra Nova Asset Management LLC acquired a new stake in Energy Select Sector SPDR Fund during the first quarter worth about $260,000. Rockefeller Capital Management L.P. raised its holdings in Energy Select Sector SPDR Fund by 107.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,543,260 shares of the exchange traded fund’s stock valued at $68,999,000 after buying an additional 800,206 shares during the period. Finally, SHP Wealth Management purchased a new position in shares of Energy Select Sector SPDR Fund in the 4th quarter valued at $142,000.

Energy Select Sector SPDR Fund Company Profile

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.