Energy Select Sector SPDR Fund (NYSEARCA:XLE) Hits New 12-Month High – Time to Buy?

Energy Select Sector SPDR Fund (NYSEARCA:XLE) shares reached a new 52-week high during trading on Monday. The company traded as high as $68.44 and last traded at $68.45, with a volume of 5,357,771 shares trading hands. The stock had previously closed at $68.24.

Energy Select Sector SPDR Fund Stock Down 0.4%

The firm has a market cap of $44.47 billion, a PE ratio of 15.59 and a beta of 0.48. The business has a 50 day simple moving average of $63.67 and a two-hundred day simple moving average of $59.43.

Hedge Funds Weigh In On Energy Select Sector SPDR Fund

Institutional investors have recently made changes to their positions in the company. Triumph Capital Management increased its position in Energy Select Sector SPDR Fund by 2.3% during the 3rd quarter. Triumph Capital Management now owns 6,844 shares of the exchange traded fund’s stock worth $421,000 after purchasing an additional 153 shares during the period. Mather Group LLC. boosted its holdings in Energy Select Sector SPDR Fund by 1.5% during the third quarter. Mather Group LLC. now owns 10,387 shares of the exchange traded fund’s stock worth $639,000 after buying an additional 157 shares in the last quarter. KFG Wealth Management LLC grew its holdings in shares of Energy Select Sector SPDR Fund by 4.1% in the 3rd quarter. KFG Wealth Management LLC now owns 3,997 shares of the exchange traded fund’s stock worth $246,000 after acquiring an additional 158 shares during the period. Summit Financial Strategies Inc. increased its position in shares of Energy Select Sector SPDR Fund by 2.6% in the second quarter. Summit Financial Strategies Inc. now owns 6,440 shares of the exchange traded fund’s stock valued at $342,000 after buying an additional 164 shares in the last quarter. Finally, Sherry Group Inc. raised its position in Energy Select Sector SPDR Fund by 0.9% during the third quarter. Sherry Group Inc. now owns 18,891 shares of the exchange traded fund’s stock worth $1,162,000 after acquiring an additional 165 shares during the last quarter.

Energy Select Sector SPDR Fund Company Profile

The Energy Select Sector SPDR ETF is a State Street exchange-traded fund that seeks to track the price and yield performance of the Energy Select Sector Index, before expenses. The index is designed to provide broad representation of the energy sector within the S&P 500, covering companies in the oil, gas and consumable fuels, and energy equipment and services industries. Component companies are selected from the S&P 500 universe based on general industry classification, and the Energy Select Sector Index is one of eleven Select Sector Indexes that together comprise all S&P 500 constituents.