Energy Select Sector SPDR Fund (NYSEARCA:XLE) Sets New 1-Year High – Here’s What Happened

Energy Select Sector SPDR Fund (NYSEARCA:XLE) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $49.05 and last traded at $48.7330, with a volume of 15047931 shares traded. The stock had previously closed at $47.60.

Energy Select Sector SPDR Fund Price Performance

The stock has a market capitalization of $30.49 billion, a P/E ratio of 15.59 and a beta of 0.77. The stock’s 50-day simple moving average is $45.61 and its 200 day simple moving average is $44.49.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Wagner Wealth Management LLC lifted its holdings in Energy Select Sector SPDR Fund by 270.3% during the third quarter. Wagner Wealth Management LLC now owns 274 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 200 shares during the period. ORG Wealth Partners LLC boosted its holdings in Energy Select Sector SPDR Fund by 100.0% in the 4th quarter. ORG Wealth Partners LLC now owns 568 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 284 shares during the period. Holos Integrated Wealth LLC purchased a new position in Energy Select Sector SPDR Fund in the 4th quarter valued at approximately $26,000. Signature Resources Capital Management LLC raised its holdings in Energy Select Sector SPDR Fund by 100.0% during the 4th quarter. Signature Resources Capital Management LLC now owns 658 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 329 shares during the period. Finally, Highline Wealth Partners LLC lifted its position in shares of Energy Select Sector SPDR Fund by 588.2% during the second quarter. Highline Wealth Partners LLC now owns 351 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 300 shares in the last quarter.

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