Energy Select Sector SPDR Fund (NYSEARCA:XLE) Stock Passes Below 200 Day Moving Average – What’s Next?

Energy Select Sector SPDR Fund (NYSEARCA:XLE)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $91.34 and traded as low as $90.63. Energy Select Sector SPDR Fund shares last traded at $91.05, with a volume of 19,871,838 shares trading hands.

Energy Select Sector SPDR Fund Price Performance

The firm has a market cap of $39.45 billion, a price-to-earnings ratio of 8.52 and a beta of 0.48. The firm has a fifty day simple moving average of $88.93 and a two-hundred day simple moving average of $91.34.

Institutional Investors Weigh In On Energy Select Sector SPDR Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Clarus Wealth Advisors raised its stake in shares of Energy Select Sector SPDR Fund by 3.7% in the third quarter. Clarus Wealth Advisors now owns 17,249 shares of the exchange traded fund’s stock worth $1,613,000 after purchasing an additional 621 shares during the last quarter. Adirondack Trust Co. raised its position in Energy Select Sector SPDR Fund by 14.2% during the 3rd quarter. Adirondack Trust Co. now owns 7,835 shares of the exchange traded fund’s stock worth $688,000 after buying an additional 977 shares during the last quarter. Wedmont Private Capital lifted its stake in Energy Select Sector SPDR Fund by 6.6% during the 3rd quarter. Wedmont Private Capital now owns 9,834 shares of the exchange traded fund’s stock valued at $920,000 after acquiring an additional 610 shares during the period. CWM LLC boosted its holdings in shares of Energy Select Sector SPDR Fund by 10.5% in the 3rd quarter. CWM LLC now owns 304,908 shares of the exchange traded fund’s stock valued at $26,771,000 after acquiring an additional 29,071 shares during the last quarter. Finally, Saxon Interests Inc. increased its stake in shares of Energy Select Sector SPDR Fund by 4.0% in the third quarter. Saxon Interests Inc. now owns 30,454 shares of the exchange traded fund’s stock worth $2,674,000 after acquiring an additional 1,169 shares during the period.

Energy Select Sector SPDR Fund Company Profile

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.