SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $136.02 and traded as low as $135.81. SPDR S&P Oil & Gas Exploration & Production ETF shares last traded at $136.67, with a volume of 2,419,586 shares changing hands.

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

The business’s 50 day moving average is $136.02 and its 200 day moving average is $136.43. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 4.95 and a beta of 0.68.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in XOP. Anchor Investment Management LLC purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter valued at approximately $33,000. Creative Financial Designs Inc. ADV raised its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 500.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 300 shares of the company’s stock valued at $39,000 after acquiring an additional 250 shares during the period. Providence First Trust Co purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 4th quarter valued at $48,000. FSA Wealth Management LLC purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 3rd quarter valued at $92,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 4th quarter valued at $141,000.

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.