Cardinal Point Capital Management ULC Invests $270,000 in SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Cardinal Point Capital Management ULC purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,150 shares of the company’s stock, valued at approximately $270,000.

Other institutional investors have also recently made changes to their positions in the company. Quantitative Investment Management LLC acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the first quarter worth $13,353,000. Flow Traders U.S. LLC acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the first quarter worth $3,897,000. Arkadios Wealth Advisors boosted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 355.4% during the first quarter. Arkadios Wealth Advisors now owns 34,873 shares of the company’s stock worth $4,593,000 after buying an additional 27,216 shares during the last quarter. Jaffetilchin Investment Partners LLC acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the first quarter worth $3,192,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the first quarter worth $1,924,000.

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

NYSEARCA XOP opened at $128.46 on Friday. The stock’s fifty day moving average is $130.07 and its two-hundred day moving average is $125.22. The firm has a market capitalization of $1.89 billion, a P/E ratio of 11.28 and a beta of 1.91. SPDR S&P Oil & Gas Exploration & Production ETF has a fifty-two week low of $99.01 and a fifty-two week high of $149.82.

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

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.