Shares of SPDR S&P Oil & Gas Equipment & Services ETF (NYSEARCA:XES) were down 5.3% on Tuesday . The stock traded as low as $12.16 and last traded at $12.29. Approximately 1,906,938 shares were traded during mid-day trading, an increase of 76% from the average daily volume of 1,082,094 shares. The stock had previously closed at $12.98.

Institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in SPDR S&P Oil & Gas Equipment & Services ETF by 5,814.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 799,174 shares of the company’s stock valued at $13,554,000 after acquiring an additional 785,662 shares during the last quarter. JPMorgan Chase & Co. raised its stake in SPDR S&P Oil & Gas Equipment & Services ETF by 739.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 350,859 shares of the company’s stock valued at $5,866,000 after acquiring an additional 309,044 shares during the last quarter. Wilks Brothers LLC raised its stake in SPDR S&P Oil & Gas Equipment & Services ETF by 125.4% during the 3rd quarter. Wilks Brothers LLC now owns 308,800 shares of the company’s stock valued at $5,163,000 after acquiring an additional 171,800 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in SPDR S&P Oil & Gas Equipment & Services ETF by 33.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 400,000 shares of the company’s stock valued at $6,784,000 after acquiring an additional 100,000 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in SPDR S&P Oil & Gas Equipment & Services ETF during the 3rd quarter valued at approximately $1,255,000.

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About SPDR S&P Oil & Gas Equipment & Services ETF (NYSEARCA:XES)

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

See Also: Intrinsic Value

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