SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Hits New 52-Week High – What’s Next?

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $203.60 and last traded at $202.2390, with a volume of 2,531,286 shares trading hands. The stock had previously closed at $201.69.

SPDR S&P Oil & Gas Exploration & Production ETF Trading Up 2.0%

The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 11.28 and a beta of 0.64. The firm’s 50 day simple moving average is $190.18 and its 200-day simple moving average is $175.16.

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

Several hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 4,563.1% in the second quarter. Envestnet Asset Management Inc. now owns 893,627 shares of the company’s stock worth $137,851,000 after acquiring an additional 874,463 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the second quarter worth approximately $121,139,000. Mirae Asset Securities USA Inc. bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the third quarter valued at about $116,564,000. Bessemer Group Inc. lifted its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 28.0% in the 1st quarter. Bessemer Group Inc. now owns 629,152 shares of the company’s stock worth $114,399,000 after buying an additional 137,737 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its position in SPDR S&P Oil & Gas Exploration & Production ETF by 1,118.1% during the 2nd quarter. Proficio Capital Partners LLC now owns 567,264 shares of the company’s stock valued at $87,506,000 after purchasing an additional 520,694 shares during the period.

SPDR S&P Oil & Gas Exploration & Production ETF Company Profile

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. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.