Energy Select Sector SPDR Fund (NYSEARCA:XLE) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Energy Select Sector SPDR Fund (NYSEARCA:XLE) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $91.05 and traded as low as $89.29. Energy Select Sector SPDR Fund shares last traded at $89.83, with a volume of 9,903,262 shares changing hands.

Energy Select Sector SPDR Fund Stock Down 0.0 %

The firm has a market capitalization of $38.90 billion, a PE ratio of 8.52 and a beta of 0.48. The business’s fifty day moving average price is $89.32 and its 200 day moving average price is $90.98.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of XLE. LPL Financial LLC boosted its holdings in Energy Select Sector SPDR Fund by 8.6% in the second 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 shares of Energy Select Sector SPDR Fund by 27.6% in the 2nd 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Energy Select Sector SPDR Fund by 64.8% during the 1st 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 purchasing an additional 854,456 shares during the period. Raymond James & Associates increased its position in 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 purchasing an additional 184,502 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in Energy Select Sector SPDR Fund by 20.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,420,090 shares of the exchange traded fund’s stock valued at $129,441,000 after buying an additional 238,549 shares during the period.

Energy Select Sector SPDR Fund Company Profile

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.