SPDR S&P Oil & Gas Equipment & Services ETF (NYSEARCA:XES) gapped up prior to trading on Tuesday . The stock had previously closed at $9.07, but opened at $8.95. SPDR S&P Oil & Gas Equipment & Services ETF shares last traded at $8.61, with a volume of 306,047 shares traded.

The firm has a 50 day moving average price of $7.65 and a 200 day moving average price of $9.68.

Institutional investors and hedge funds have recently modified their holdings of the stock. DRW Securities LLC bought a new stake in SPDR S&P Oil & Gas Equipment & Services ETF during the 2nd quarter valued at approximately $98,000. AXA increased its stake in SPDR S&P Oil & Gas Equipment & Services ETF by 30.7% in the 2nd quarter. AXA now owns 13,190 shares of the company’s stock worth $127,000 after acquiring an additional 3,100 shares during the last quarter. Nwam LLC increased its stake in SPDR S&P Oil & Gas Equipment & Services ETF by 41.9% in the 2nd quarter. Nwam LLC now owns 20,551 shares of the company’s stock worth $197,000 after acquiring an additional 6,072 shares during the last quarter. Cetera Advisors LLC increased its stake in SPDR S&P Oil & Gas Equipment & Services ETF by 142.4% in the 1st quarter. Cetera Advisors LLC now owns 29,795 shares of the company’s stock worth $344,000 after acquiring an additional 17,505 shares during the last quarter. Finally, LPL Financial LLC increased its stake in SPDR S&P Oil & Gas Equipment & Services ETF by 18.2% in the 2nd 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.

SPDR S&P Oil & Gas Equipment & Services ETF Company Profile (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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