SPDR S&P Oil & Gas Equipment & Services ETF (NYSEARCA:XES) shares traded up 6.3% during mid-day trading on Monday . The company traded as high as $8.08 and last traded at $8.07, 3,671,635 shares traded hands during trading. An increase of 172% from the average session volume of 1,351,407 shares. The stock had previously closed at $7.59.

The firm’s fifty day simple moving average is $7.69 and its 200-day simple moving average is $9.74.

Several hedge funds have recently added to or reduced their stakes in XES. Bank of America Corp DE lifted its stake in SPDR S&P Oil & Gas Equipment & Services ETF by 135.5% in the 2nd quarter. Bank of America Corp DE now owns 1,428,438 shares of the company’s stock valued at $13,727,000 after buying an additional 821,787 shares in the last quarter. Morgan Stanley increased its position in SPDR S&P Oil & Gas Equipment & Services ETF by 3.9% during the second quarter. Morgan Stanley now owns 1,415,422 shares of the company’s stock worth $13,602,000 after buying an additional 52,793 shares in the last quarter. Cetera Advisors LLC increased its position in SPDR S&P Oil & Gas Equipment & Services ETF by 142.4% during the first quarter. Cetera Advisors LLC now owns 29,795 shares of the company’s stock worth $344,000 after buying an additional 17,505 shares in the last quarter. DRW Securities LLC acquired a new position in shares of SPDR S&P Oil & Gas Equipment & Services ETF in the second quarter worth $98,000. Finally, LPL Financial LLC raised its holdings in shares of SPDR S&P Oil & Gas Equipment & Services ETF by 18.2% in the second quarter. LPL Financial LLC now owns 53,461 shares of the company’s stock worth $514,000 after acquiring an additional 8,224 shares during the last quarter.

About SPDR S&P Oil & Gas Equipment & Services ETF (NYSEARCA:XES)

SPDR S&P Oil & Gas Equipment & Services ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Equipment & Services Select Industry Index. The S&P Oil & Gas Equipment & Services Select Industry Index represents the oil and gas equipment and services sub-industry portion of the S&P Total Markets Index.

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