Essex Financial Services Inc. Cuts Holdings in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP)

Essex Financial Services Inc. reduced its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,986 shares of the company’s stock after selling 461 shares during the quarter. Essex Financial Services Inc.’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $1,230,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Connable Office Inc. boosted its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 0.4% during the 3rd quarter. Connable Office Inc. now owns 104,705 shares of the company’s stock worth $15,487,000 after acquiring an additional 415 shares in the last quarter. Meritage Portfolio Management acquired a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 4th quarter worth about $7,439,000. Van ECK Associates Corp boosted its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 27.4% during the 4th quarter. Van ECK Associates Corp now owns 40,354 shares of the company’s stock worth $5,525,000 after acquiring an additional 8,669 shares in the last quarter. Valley Wealth Managers Inc. acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 3rd quarter valued at about $5,836,000. Finally, Black Swift Group LLC acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 3rd quarter valued at about $3,150,000.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Down 2.2 %

Shares of NYSEARCA XOP opened at $148.07 on Thursday. The stock has a market cap of $3.78 billion, a PE ratio of 4.95 and a beta of 0.68. SPDR S&P Oil & Gas Exploration & Production ETF has a 52-week low of $115.89 and a 52-week high of $162.49. The business has a 50-day moving average price of $150.59 and a 200 day moving average price of $142.09.

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.