Energy Select Sector SPDR Fund (NYSEARCA:XLE) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Energy Select Sector SPDR Fund (NYSEARCA:XLE) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $90.03 and traded as low as $88.72. Energy Select Sector SPDR Fund shares last traded at $89.13, with a volume of 12,150,464 shares.

Energy Select Sector SPDR Fund Stock Down 0.6 %

The firm has a 50 day moving average of $89.07 and a 200 day moving average of $90.03. The firm has a market cap of $32.60 billion, a price-to-earnings ratio of 14.68 and a beta of 1.23.

Institutional Investors Weigh In On Energy Select Sector SPDR Fund

Hedge funds have recently added to or reduced their stakes in the company. Highline Wealth Partners LLC acquired a new stake in Energy Select Sector SPDR Fund in the third quarter valued at approximately $25,000. Rialto Wealth Management LLC acquired a new stake in Energy Select Sector SPDR Fund in the fourth quarter valued at approximately $26,000. GKV Capital Management Co. Inc. acquired a new stake in Energy Select Sector SPDR Fund in the fourth quarter valued at approximately $26,000. Hager Investment Management Services LLC acquired a new stake in Energy Select Sector SPDR Fund in the fourth quarter valued at approximately $32,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Energy Select Sector SPDR Fund in the fourth quarter valued at approximately $33,000.

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.