Energy Select Sector SPDR Fund (NYSEARCA:XLE) Reaches New 12-Month High – What’s Next?

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

Energy Select Sector SPDR Fund Stock Performance

The stock has a market cap of $42.57 billion, a P/E ratio of 15.59 and a beta of 0.43. The business’s 50-day moving average price is $60.12 and its 200-day moving average price is $58.28.

Institutional Trading of Energy Select Sector SPDR Fund

Several hedge funds have recently bought and sold shares of XLE. Larson Financial Group LLC grew its stake in shares of Energy Select Sector SPDR Fund by 1.2% in the 3rd quarter. Larson Financial Group LLC now owns 9,670 shares of the exchange traded fund’s stock worth $864,000 after buying an additional 115 shares in the last quarter. Windsor Advisory Group LLC lifted its holdings in shares of Energy Select Sector SPDR Fund by 1.5% in the 3rd quarter. Windsor Advisory Group LLC now owns 7,976 shares of the exchange traded fund’s stock valued at $713,000 after acquiring an additional 115 shares during the last quarter. Summit Financial Strategies Inc. lifted its holdings in shares of Energy Select Sector SPDR Fund by 2.6% in the 2nd quarter. Summit Financial Strategies Inc. now owns 6,440 shares of the exchange traded fund’s stock valued at $342,000 after acquiring an additional 164 shares during the last quarter. Diversify Wealth Management LLC increased its stake in Energy Select Sector SPDR Fund by 6.9% during the second quarter. Diversify Wealth Management LLC now owns 2,602 shares of the exchange traded fund’s stock worth $220,000 after acquiring an additional 168 shares during the last quarter. Finally, Alexander Labrunerie & CO. Inc. raised its position in Energy Select Sector SPDR Fund by 1.9% during the first quarter. Alexander Labrunerie & CO. Inc. now owns 9,344 shares of the exchange traded fund’s stock valued at $572,000 after purchasing an additional 173 shares during the period.

About Energy Select Sector SPDR Fund

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.