SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $136.02 and traded as low as $135.81. SPDR S&P Oil & Gas Exploration & Production ETF shares last traded at $136.67, with a volume of 2,419,586 shares changing hands.

SPDR S&P Oil & Gas Exploration & Production ETF Price Performance

The firm has a market cap of $3.57 billion, a PE ratio of 4.95 and a beta of 0.68. The business has a 50-day moving average price of $136.10 and a two-hundred day moving average price of $136.48.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Creative Financial Designs Inc. ADV grew its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 500.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 300 shares of the company’s stock worth $39,000 after buying an additional 250 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 22.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 15,723 shares of the company’s stock worth $2,068,000 after buying an additional 2,844 shares during the last quarter. Connable Office Inc. grew its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 1.3% in the 3rd quarter. Connable Office Inc. now owns 118,154 shares of the company’s stock valued at $15,540,000 after buying an additional 1,543 shares during the period. Fisher Asset Management LLC increased its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 5.0% during the 3rd quarter. Fisher Asset Management LLC now owns 13,400 shares of the company’s stock valued at $1,762,000 after acquiring an additional 635 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 15.6% in the third quarter. Quantbot Technologies LP now owns 18,577 shares of the company’s stock worth $2,443,000 after acquiring an additional 2,509 shares during the last quarter.

SPDR S&P Oil & Gas Exploration & Production ETF Company Profile

SPDR S&P Oil & Gas Exploration & Production ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The S&P Oil & Gas Exploration & Production Select Industry Index represents the oil and gas exploration and production sub-industry portion of the S&P Total Markets Index.