Energy Select Sector SPDR Fund (NYSEARCA:XLE) Reaches New 52-Week High – Here’s What Happened

Energy Select Sector SPDR Fund (NYSEARCA:XLE)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $55.88 and last traded at $55.3670, with a volume of 21398856 shares. The stock had previously closed at $54.78.

Energy Select Sector SPDR Fund Price Performance

The company has a market capitalization of $35.50 billion, a P/E ratio of 15.59 and a beta of 0.77. The business’s 50-day moving average price is $48.64 and its two-hundred day moving average price is $45.80.

Institutional Investors Weigh In On Energy Select Sector SPDR Fund

Several large investors have recently made changes to their positions in the stock. Brighton Jones LLC increased its position in Energy Select Sector SPDR Fund by 51.5% during the 4th quarter. Brighton Jones LLC now owns 9,363 shares of the exchange traded fund’s stock worth $802,000 after buying an additional 3,181 shares during the period. AQR Capital Management LLC boosted its position in shares of Energy Select Sector SPDR Fund by 8.6% in the first quarter. AQR Capital Management LLC now owns 31,187 shares of the exchange traded fund’s stock valued at $2,914,000 after acquiring an additional 2,480 shares during the period. Castellan Group grew its stake in shares of Energy Select Sector SPDR Fund by 9.6% in the second quarter. Castellan Group now owns 68,740 shares of the exchange traded fund’s stock valued at $5,830,000 after acquiring an additional 6,035 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in Energy Select Sector SPDR Fund by 45.0% during the second quarter. Cullen Frost Bankers Inc. now owns 11,151 shares of the exchange traded fund’s stock worth $946,000 after acquiring an additional 3,462 shares during the period. Finally, Brookstone Capital Management increased its position in Energy Select Sector SPDR Fund by 0.7% during the second quarter. Brookstone Capital Management now owns 49,464 shares of the exchange traded fund’s stock worth $4,195,000 after acquiring an additional 346 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. The Fund’s investment advisor is SSgA Funds Management, Inc