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

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $198.96 and last traded at $199.0080, with a volume of 117939 shares changing hands. The stock had previously closed at $195.72.

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

The company’s 50-day moving average is $177.54 and its 200-day moving average is $170.62. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 11.28 and a beta of 0.54.

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

A number of large investors have recently modified their holdings of XOP. Jones Financial Companies Lllp increased its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 6.6% in the first quarter. Jones Financial Companies Lllp now owns 7,389 shares of the company’s stock valued at $973,000 after purchasing an additional 457 shares in the last quarter. Cresset Asset Management LLC boosted its position in SPDR S&P Oil & Gas Exploration & Production ETF by 21.0% in the 2nd quarter. Cresset Asset Management LLC now owns 2,037 shares of the company’s stock valued at $256,000 after buying an additional 354 shares during the last quarter. Cerity Partners LLC boosted its position in SPDR S&P Oil & Gas Exploration & Production ETF by 24.2% in the 2nd quarter. Cerity Partners LLC now owns 11,355 shares of the company’s stock valued at $1,428,000 after buying an additional 2,210 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in SPDR S&P Oil & Gas Exploration & Production ETF by 1,641.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 7,367 shares of the company’s stock valued at $927,000 after buying an additional 6,944 shares during the last quarter. Finally, Caption Management LLC acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 2nd quarter valued at $1,642,000.

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

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.