Energy Select Sector SPDR Fund (NYSEARCA:XLE) Stock Price Passes Below 200 Day Moving Average of $84.85

Shares of Energy Select Sector SPDR Fund (NYSEARCA:XLE) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $84.85 and traded as low as $84.48. Energy Select Sector SPDR Fund shares last traded at $84.60, with a volume of 16,497,479 shares.

Energy Select Sector SPDR Fund Stock Performance

The stock has a market cap of $35.21 billion, a P/E ratio of 6.92 and a beta of 1.36. The stock’s fifty day simple moving average is $88.22 and its 200-day simple moving average is $84.83.

Hedge Funds Weigh In On Energy Select Sector SPDR Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in XLE. Aspire Private Capital LLC bought a new position in shares of Energy Select Sector SPDR Fund in the first quarter valued at $10,674,799,000. Baltimore Washington Financial Advisors Inc. bought a new position in shares of Energy Select Sector SPDR Fund in the first quarter valued at $256,000. Mach 1 Financial Group LLC bought a new position in shares of Energy Select Sector SPDR Fund in the first quarter valued at $12,019,000. LWM Advisory Services LLC bought a new position in shares of Energy Select Sector SPDR Fund in the third quarter valued at $28,000. Finally, Spartan Planning & Wealth Management bought a new position in shares of Energy Select Sector SPDR Fund in the third quarter valued at $31,000.

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.