Energy Select Sector SPDR Fund (NYSEARCA:XLE) Reaches New 52-Week High – What’s Next?

Energy Select Sector SPDR Fund (NYSEARCA:XLE) reached a new 52-week high during trading on Friday . The company traded as high as $56.08 and last traded at $55.8650, with a volume of 51878069 shares trading hands. The stock had previously closed at $55.05.

Energy Select Sector SPDR Fund Price Performance

The company’s 50-day moving average is $49.49 and its 200-day moving average is $46.15. The firm has a market capitalization of $36.17 billion, a price-to-earnings ratio of 15.59 and a beta of 0.77.

Institutional Trading of Energy Select Sector SPDR Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley lifted its stake 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 purchasing an additional 14,135,733 shares in the last quarter. LPL Financial LLC raised 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 buying an additional 6,429,599 shares during the period. Raymond James Financial Inc. lifted its position in Energy Select Sector SPDR Fund by 108.0% during the fourth quarter. Raymond James Financial Inc. now owns 5,884,072 shares of the exchange traded fund’s stock valued at $263,077,000 after buying an additional 3,054,557 shares in the last quarter. Cibc World Market Inc. lifted its position in Energy Select Sector SPDR Fund by 436.8% during the third quarter. Cibc World Market Inc. now owns 2,060,689 shares of the exchange traded fund’s stock valued at $184,102,000 after buying an additional 2,672,508 shares in the last quarter. Finally, Main Management Fund Advisors LLC purchased a new stake in Energy Select Sector SPDR Fund during the fourth quarter worth approximately $108,234,000.

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. The Fund’s investment advisor is SSgA Funds Management, Inc