Energy Select Sector SPDR Fund (NYSEARCA:XLE) Share Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Energy Select Sector SPDR Fund (NYSEARCA:XLE) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $86.48 and traded as high as $92.17. Energy Select Sector SPDR Fund shares last traded at $91.53, with a volume of 19,375,522 shares trading hands.

Energy Select Sector SPDR Fund Stock Performance

The firm’s fifty day moving average price is $88.41 and its 200 day moving average price is $86.48. The firm has a market cap of $27.31 billion, a P/E ratio of 15.59 and a beta of 0.77.

Hedge Funds Weigh In On Energy Select Sector SPDR Fund

A number of large investors have recently made changes to their positions in the business. Wagner Wealth Management LLC raised its stake in Energy Select Sector SPDR Fund by 270.3% in the third quarter. Wagner Wealth Management LLC now owns 274 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 200 shares during the last quarter. Highline Wealth Partners LLC lifted its stake 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 buying an additional 300 shares during the period. Foster Dykema Cabot & Partners LLC lifted its stake in shares of Energy Select Sector SPDR Fund by 470.7% during the first quarter. Foster Dykema Cabot & Partners LLC now owns 331 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 273 shares during the period. Wealth Preservation Advisors LLC purchased a new stake in shares of Energy Select Sector SPDR Fund during the first quarter valued at $31,000. Finally, GoalVest Advisory LLC increased its position in shares of Energy Select Sector SPDR Fund by 72.2% in the 3rd quarter. GoalVest Advisory LLC now owns 365 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 153 shares during the period.

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.