SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Stock Passes Below 50 Day Moving Average – Here’s Why

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $136.66 and traded as low as $130.64. SPDR S&P Oil & Gas Exploration & Production ETF shares last traded at $132.37, with a volume of 2,463,332 shares.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Up 0.6 %

The business has a 50-day simple moving average of $136.67 and a 200-day simple moving average of $137.98. The company has a market cap of $3.46 billion, a PE ratio of 4.95 and a beta of 0.68.

Hedge Funds Weigh In On SPDR S&P Oil & Gas Exploration & Production ETF

A number of large investors have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL acquired a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the second quarter valued at approximately $29,000. Rothschild Investment LLC acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the 2nd quarter valued at $37,000. Anchor Investment Management LLC acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the 3rd quarter valued at $33,000. Creative Financial Designs Inc. ADV lifted its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 500.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 300 shares of the company’s stock valued at $39,000 after purchasing an additional 250 shares in the last quarter. Finally, Fairfield Financial Advisors LTD acquired a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the 2nd quarter worth $80,000.

About SPDR S&P Oil & Gas Exploration & Production ETF

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.