Energy Select Sector SPDR Fund (NYSEARCA:XLE) Reaches New 1-Year High – Still a Buy?

Energy Select Sector SPDR Fund (NYSEARCA:XLE)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $48.05 and last traded at $47.9990, with a volume of 7718480 shares changing hands. The stock had previously closed at $47.00.

Energy Select Sector SPDR Fund Price Performance

The firm has a market capitalization of $28.76 billion, a PE ratio of 15.59 and a beta of 0.77. The company has a fifty day moving average of $45.16 and a 200-day moving average of $44.27.

Institutional Investors Weigh In On Energy Select Sector SPDR Fund

A number of large investors have recently bought and sold shares of XLE. Vienna Asset Management LLC acquired a new stake in Energy Select Sector SPDR Fund in the second quarter valued at about $601,000. Paloma Partners Management Co acquired a new position in shares of Energy Select Sector SPDR Fund in the 2nd quarter worth approximately $1,041,000. Camarda Financial Advisors LLC grew its holdings in Energy Select Sector SPDR Fund by 7.8% during the 2nd quarter. Camarda Financial Advisors LLC now owns 22,791 shares of the exchange traded fund’s stock worth $1,933,000 after acquiring an additional 1,640 shares during the period. Jupiter Wealth Management LLC increased its holdings in Energy Select Sector SPDR Fund by 3.4% in the second quarter. Jupiter Wealth Management LLC now owns 48,681 shares of the exchange traded fund’s stock worth $4,169,000 after purchasing an additional 1,622 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Energy Select Sector SPDR Fund during the second quarter worth $1,590,000.

About Energy Select Sector SPDR Fund

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. The Fund’s investment advisor is SSgA Funds Management, Inc