Energy Select Sector SPDR Fund (NYSEARCA:XLE) Hits New 12-Month High – Still a Buy?

Energy Select Sector SPDR Fund (NYSEARCA:XLE) reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $66.26 and last traded at $66.2210, with a volume of 2,623,052 shares changing hands. The stock had previously closed at $65.08.

Energy Select Sector SPDR Fund Stock Performance

The stock has a 50 day moving average of $63.08 and a 200-day moving average of $59.32. The company has a market cap of $43.73 billion, a PE ratio of 15.59 and a beta of 0.48.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Signal Advisors Wealth LLC raised its stake in shares of Energy Select Sector SPDR Fund by 30.4% in the third quarter. Signal Advisors Wealth LLC now owns 128,672 shares of the exchange traded fund’s stock worth $7,913,000 after purchasing an additional 29,968 shares during the last quarter. 4WEALTH Advisors Inc. lifted its holdings in shares of Energy Select Sector SPDR Fund by 9.3% during the third quarter. 4WEALTH Advisors Inc. now owns 7,464 shares of the exchange traded fund’s stock worth $459,000 after purchasing an additional 636 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Energy Select Sector SPDR Fund by 224.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 81,478 shares of the exchange traded fund’s stock worth $5,011,000 after purchasing an additional 56,333 shares during the period. Ulrich Consultants & Investment Group LLC acquired a new stake in shares of Energy Select Sector SPDR Fund during the third quarter worth about $378,000. Finally, Krilogy Financial LLC boosted its position in Energy Select Sector SPDR Fund by 5.6% in the third quarter. Krilogy Financial LLC now owns 171,009 shares of the exchange traded fund’s stock valued at $11,288,000 after buying an additional 9,023 shares during the last quarter.

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.