54,334 Shares in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Purchased by Meritage Portfolio Management

Meritage Portfolio Management acquired a new stake in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 54,334 shares of the company’s stock, valued at approximately $7,439,000.

Several other large investors have also modified their holdings of XOP. VitalStone Financial LLC boosted its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 952.2% in the 3rd quarter. VitalStone Financial LLC now owns 242 shares of the company’s stock valued at $33,000 after acquiring an additional 219 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its position in SPDR S&P Oil & Gas Exploration & Production ETF by 331.2% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 539 shares of the company’s stock worth $80,000 after purchasing an additional 414 shares during the last quarter. Lowe Wealth Advisors LLC boosted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 517.4% during the third quarter. Lowe Wealth Advisors LLC now owns 710 shares of the company’s stock worth $105,000 after buying an additional 595 shares during the period. NBC Securities Inc. purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter worth about $107,000. Finally, Advisors Preferred LLC boosted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 150.0% during the third quarter. Advisors Preferred LLC now owns 770 shares of the company’s stock worth $110,000 after buying an additional 462 shares during the period.

SPDR S&P Oil & Gas Exploration & Production ETF Price Performance

Shares of NYSEARCA:XOP traded up $0.20 during trading on Friday, hitting $157.06. 1,361,513 shares of the company were exchanged, compared to its average volume of 3,412,713. The firm’s 50 day moving average price is $149.34 and its 200-day moving average price is $141.91. SPDR S&P Oil & Gas Exploration & Production ETF has a 12-month low of $115.89 and a 12-month high of $162.49. The stock has a market capitalization of $4.27 billion, a P/E ratio of 5.20 and a beta of 0.72.

SPDR S&P Oil & Gas Exploration & Production ETF Profile

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