Energy Select Sector SPDR Fund (NYSEARCA:XLE) Sets New 52-Week High – Should You Buy?

Energy Select Sector SPDR Fund (NYSEARCA:XLE) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $48.05 and last traded at $47.9990, with a volume of 7718480 shares trading hands. The stock had previously closed at $47.00.

Energy Select Sector SPDR Fund Stock Up 0.1%

The company’s 50-day moving average is $45.32 and its 200 day moving average is $44.32. The company has a market cap of $28.67 billion, a price-to-earnings ratio of 15.59 and a beta of 0.77.

Institutional Investors Weigh In On Energy Select Sector SPDR Fund

A number of institutional investors have recently modified their holdings of the business. Kingstone Capital Partners Texas LLC grew its holdings in Energy Select Sector SPDR Fund by 547,621.6% in the second quarter. Kingstone Capital Partners Texas LLC now owns 223,048,647 shares of the exchange traded fund’s stock valued at $19,435,626,000 after purchasing an additional 223,007,924 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Energy Select Sector SPDR Fund by 6.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,868,997 shares of the exchange traded fund’s stock valued at $881,696,000 after buying an additional 564,058 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its stake in Energy Select Sector SPDR Fund by 22.9% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 3,610,100 shares of the exchange traded fund’s stock valued at $322,526,000 after acquiring an additional 673,700 shares during the period. Hamilton Capital LLC increased its holdings in Energy Select Sector SPDR Fund by 5.9% in the 2nd quarter. Hamilton Capital LLC now owns 3,547,173 shares of the exchange traded fund’s stock worth $300,836,000 after acquiring an additional 197,154 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Energy Select Sector SPDR Fund by 16.4% during the second quarter. Ameriprise Financial Inc. now owns 3,294,493 shares of the exchange traded fund’s stock worth $279,420,000 after acquiring an additional 464,816 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. The Fund’s investment advisor is SSgA Funds Management, Inc