Energy Select Sector SPDR Fund (NYSEARCA:XLE) Share Price Passes Below 200 Day Moving Average of $91.32

Energy Select Sector SPDR Fund (NYSEARCA:XLE) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $91.32 and traded as low as $87.02. Energy Select Sector SPDR Fund shares last traded at $87.14, with a volume of 12,494,631 shares.

Energy Select Sector SPDR Fund Price Performance

The company has a market cap of $37.27 billion, a P/E ratio of 8.52 and a beta of 0.48. The business’s 50 day moving average price is $90.23 and its 200-day moving average price is $91.32.

Hedge Funds Weigh In On Energy Select Sector SPDR Fund

Large investors have recently made changes to their positions in the company. LPL Financial LLC raised its position in shares of Energy Select Sector SPDR Fund by 8.6% during the 2nd quarter. LPL Financial LLC now owns 8,093,261 shares of the exchange traded fund’s stock valued at $737,701,000 after acquiring an additional 640,023 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Energy Select Sector SPDR Fund by 27.6% in the second quarter. Envestnet Asset Management Inc. now owns 3,103,995 shares of the exchange traded fund’s stock valued at $282,929,000 after buying an additional 671,582 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Energy Select Sector SPDR Fund by 64.8% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,173,146 shares of the exchange traded fund’s stock worth $205,102,000 after buying an additional 854,456 shares during the last quarter. Raymond James & Associates grew its position in shares of Energy Select Sector SPDR Fund by 10.4% during the 2nd quarter. Raymond James & Associates now owns 1,956,986 shares of the exchange traded fund’s stock worth $178,379,000 after buying an additional 184,502 shares during the period. Finally, Scarborough Advisors LLC increased its stake in shares of Energy Select Sector SPDR Fund by 1,430.1% in the 4th quarter. Scarborough Advisors LLC now owns 1,594,919 shares of the exchange traded fund’s stock valued at $133,718,000 after acquiring an additional 1,490,682 shares during the last quarter.

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.