Wealthfront Advisers LLC Raises Stock Holdings in SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Wealthfront Advisers LLC grew its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 50.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 23,665 shares of the company’s stock after acquiring an additional 7,949 shares during the quarter. Wealthfront Advisers LLC owned about 0.12% of SPDR S&P Oil & Gas Exploration & Production ETF worth $4,303,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN grew its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 241.9% in the fourth quarter. Wells Fargo & Company MN now owns 383,331 shares of the company’s stock valued at $48,399,000 after purchasing an additional 271,214 shares in the last quarter. Marshall Wace LLP purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the fourth quarter valued at $28,088,000. Cadence Wealth Management LLC lifted its position in SPDR S&P Oil & Gas Exploration & Production ETF by 66.5% during the fourth quarter. Cadence Wealth Management LLC now owns 235,924 shares of the company’s stock valued at $29,788,000 after purchasing an additional 94,195 shares during the last quarter. Jump Financial LLC bought a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter valued at $11,167,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 4th quarter worth $9,999,000.

Key Stories Impacting SPDR S&P Oil & Gas Exploration & Production ETF

Here are the key news stories impacting SPDR S&P Oil & Gas Exploration & Production ETF this week:

• Positive Sentiment: Oil prices have been supported by intensifying U.S.-Iran hostilities, including threats to the Strait of Hormuz and the Red Sea export route, raising concerns about tighter global crude supply. Oil rises on intensifying US-Iran hostilities and threat of Red Sea closure
• Positive Sentiment: Reuters also reported a chartered oil tanker was attacked by drones near the Caspian Pipeline Consortium terminal off Russia’s Black Sea coast, adding another supply-risk headline that can lift crude and energy equities. Chartered oil tanker attacked by drones near Black Sea terminal, CPC says
• Positive Sentiment: Oil has also been bolstered by a sharp inventory draw and technical momentum, with traders watching whether crude can break above nearby resistance levels. Natural Gas and Oil Forecast: Inventory Surprise Meets OPEC+ Hike What’s Next for Oil?
• Neutral Sentiment: Market commentary highlighted both bullish and bearish scenarios for energy stocks, with oil’s direction hinging on whether geopolitical risk or a possible easing in tensions dominates next. The best energy stocks right now as two major conflicts keep oil prices elevated
• Negative Sentiment: Some analysts warned that oil could become a broader market headwind if prices stay elevated, which could eventually pressure risk assets and energy demand expectations. Here’s where the smart money believes oil prices could wreak havoc on the stock market

SPDR S&P Oil & Gas Exploration & Production ETF Price Performance

SPDR S&P Oil & Gas Exploration & Production ETF stock opened at $170.18 on Monday. The company’s 50-day moving average price is $163.47 and its 200-day moving average price is $158.11. The company has a market cap of $3.39 billion, a PE ratio of 11.28 and a beta of 0.53. SPDR S&P Oil & Gas Exploration & Production ETF has a twelve month low of $121.46 and a twelve month high of $190.36.

SPDR S&P Oil & Gas Exploration & Production ETF 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.