Energy Select Sector SPDR Fund (NYSEARCA:XLE) Reaches New 1-Year High – Time to Buy?

Energy Select Sector SPDR Fund (NYSEARCA:XLEGet Free Report)’s stock price reached a new 52-week high on Friday . The stock traded as high as $56.08 and last traded at $55.8650, with a volume of 51878069 shares trading hands. The stock had previously closed at $55.05.

Energy Select Sector SPDR Fund Price Performance

The firm has a 50-day simple moving average of $49.49 and a 200 day simple moving average of $46.15. The company has a market capitalization of $36.17 billion, a PE ratio of 15.59 and a beta of 0.77.

Institutional Trading of Energy Select Sector SPDR Fund

Hedge funds have recently made changes to their positions in the company. Arlington Capital Management Inc. acquired a new position in Energy Select Sector SPDR Fund during the 3rd quarter worth about $594,000. Keebeck Wealth Management acquired a new stake in shares of Energy Select Sector SPDR Fund in the third quarter valued at about $1,051,000. NorthRock Partners LLC raised its position in shares of Energy Select Sector SPDR Fund by 218.8% during the third quarter. NorthRock Partners LLC now owns 20,089 shares of the exchange traded fund’s stock worth $1,795,000 after acquiring an additional 13,787 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Energy Select Sector SPDR Fund in the third quarter worth approximately $95,000. Finally, Evergreen Capital Management LLC lifted its stake in shares of Energy Select Sector SPDR Fund by 5.0% in the second quarter. Evergreen Capital Management LLC now owns 78,754 shares of the exchange traded fund’s stock worth $6,679,000 after acquiring an additional 3,769 shares during the period.

About Energy Select Sector SPDR Fund

(Get Free Report)

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

Further Reading

Receive News & Ratings for Energy Select Sector SPDR Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Select Sector SPDR Fund and related companies with MarketBeat.com's FREE daily email newsletter.