Energy Select Sector SPDR Fund (NYSEARCA:XLE) Shares Cross Below 200-Day Moving Average of $91.30

Energy Select Sector SPDR Fund (NYSEARCA:XLE) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $91.30 and traded as low as $85.35. Energy Select Sector SPDR Fund shares last traded at $85.58, with a volume of 13,091,707 shares.

Energy Select Sector SPDR Fund Stock Up 0.6 %

The firm’s 50-day simple moving average is $89.65 and its 200-day simple moving average is $91.34. The firm has a market capitalization of $37.09 billion, a P/E ratio of 8.52 and a beta of 0.48.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in XLE. LPL Financial LLC boosted its holdings in 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 period. Envestnet Asset Management Inc. lifted its position 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 purchasing an additional 671,582 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of 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 valued at $205,102,000 after purchasing an additional 854,456 shares during the period. Raymond James & Associates grew its holdings in shares of Energy Select Sector SPDR Fund by 10.4% in the second quarter. Raymond James & Associates now owns 1,956,986 shares of the exchange traded fund’s stock worth $178,379,000 after purchasing an additional 184,502 shares during the last quarter. Finally, Scarborough Advisors LLC increased its stake in shares of Energy Select Sector SPDR Fund by 1,430.1% in the fourth quarter. Scarborough Advisors LLC now owns 1,594,919 shares of the exchange traded fund’s stock worth $133,718,000 after buying an additional 1,490,682 shares during the period.

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.