Energy Select Sector SPDR Fund (NYSEARCA:XLE) Hits New 52-Week High – Here’s Why

Energy Select Sector SPDR Fund (NYSEARCA:XLE)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $65.92 and last traded at $65.4480, with a volume of 4016230 shares trading hands. The stock had previously closed at $64.77.

Energy Select Sector SPDR Fund Stock Performance

The firm has a market cap of $42.74 billion, a price-to-earnings ratio of 15.59 and a beta of 0.43. The firm has a 50-day moving average price of $59.63 and a two-hundred day moving average price of $58.14.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Morgan Stanley lifted its holdings in shares of Energy Select Sector SPDR Fund by 92.4% in the 4th quarter. Morgan Stanley now owns 29,438,378 shares of the exchange traded fund’s stock valued at $1,316,190,000 after buying an additional 14,135,733 shares during the period. LPL Financial LLC lifted its holdings in Energy Select Sector SPDR Fund by 99.8% in the fourth quarter. LPL Financial LLC now owns 12,874,212 shares of the exchange traded fund’s stock valued at $575,606,000 after acquiring an additional 6,429,599 shares during the period. Raymond James Financial Inc. boosted its position in shares of Energy Select Sector SPDR Fund by 108.0% during the 4th quarter. Raymond James Financial Inc. now owns 5,884,072 shares of the exchange traded fund’s stock worth $263,077,000 after purchasing an additional 3,054,557 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Energy Select Sector SPDR Fund by 92.3% during the 4th quarter. Hsbc Holdings PLC now owns 5,142,588 shares of the exchange traded fund’s stock worth $229,668,000 after purchasing an additional 2,467,904 shares in the last quarter. Finally, Main Management Fund Advisors LLC acquired a new position in shares of Energy Select Sector SPDR Fund during the 4th quarter worth $108,234,000.

Energy Select Sector SPDR Fund Company Profile

The Energy Select Sector SPDR ETF is a State Street exchange-traded fund that seeks to track the price and yield performance of the Energy Select Sector Index, before expenses. The index is designed to provide broad representation of the energy sector within the S&P 500, covering companies in the oil, gas and consumable fuels, and energy equipment and services industries. Component companies are selected from the S&P 500 universe based on general industry classification, and the Energy Select Sector Index is one of eleven Select Sector Indexes that together comprise all S&P 500 constituents.