Energy Select Sector SPDR Fund (NYSEARCA:XLE) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Energy Select Sector SPDR Fund (NYSEARCA:XLE)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $89.94 and traded as low as $87.26. Energy Select Sector SPDR Fund shares last traded at $88.08, with a volume of 20,015,229 shares traded.

Energy Select Sector SPDR Fund Trading Up 0.7 %

The business has a 50 day simple moving average of $89.57 and a 200-day simple moving average of $89.94. The stock has a market capitalization of $32.22 billion, a price-to-earnings ratio of 14.68 and a beta of 1.23.

Institutional Trading of Energy Select Sector SPDR Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of Energy Select Sector SPDR Fund in the 4th quarter valued at about $287,435,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Energy Select Sector SPDR Fund by 5,339.3% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,823,525 shares of the exchange traded fund’s stock valued at $160,105,000 after purchasing an additional 1,790,000 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Energy Select Sector SPDR Fund by 20.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,323,494 shares of the exchange traded fund’s stock valued at $730,803,000 after purchasing an additional 1,425,173 shares in the last quarter. Phoenix Financial Ltd. lifted its stake in shares of Energy Select Sector SPDR Fund by 4,627.8% in the 4th quarter. Phoenix Financial Ltd. now owns 1,057,760 shares of the exchange traded fund’s stock valued at $90,607,000 after purchasing an additional 1,035,387 shares in the last quarter. Finally, Demars Financial Group LLC lifted its stake in shares of Energy Select Sector SPDR Fund by 921.3% in the 4th quarter. Demars Financial Group LLC now owns 1,143,693 shares of the exchange traded fund’s stock valued at $97,969,000 after purchasing an additional 1,031,708 shares in the last quarter.

About Energy Select Sector SPDR Fund

Energy Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Energy Select Sector Index (the Index). The Index includes companies from the following industries oil, gas and consumable fuels, and energy equipment and services.