Energy Select Sector SPDR Fund (NYSEARCA:XLE) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Energy Select Sector SPDR Fund (NYSEARCA:XLE)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $89.94 and traded as low as $87.26. Energy Select Sector SPDR Fund shares last traded at $88.08, with a volume of 20,015,229 shares trading hands.

Energy Select Sector SPDR Fund Stock Performance

The firm has a market capitalization of $32.22 billion, a PE ratio of 14.68 and a beta of 1.23. The firm has a fifty day moving average of $89.57 and a 200 day moving average of $89.94.

Institutional Investors Weigh In On Energy Select Sector SPDR Fund

Several hedge funds have recently modified their holdings of XLE. Raymond James Financial Inc. purchased a new stake in shares of Energy Select Sector SPDR Fund during the 4th quarter valued at about $287,435,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Energy Select Sector SPDR Fund by 5,339.3% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,823,525 shares of the exchange traded fund’s stock valued at $160,105,000 after buying an additional 1,790,000 shares during the period. JPMorgan Chase & Co. increased its holdings in Energy Select Sector SPDR Fund by 20.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,323,494 shares of the exchange traded fund’s stock worth $730,803,000 after purchasing an additional 1,425,173 shares during the last quarter. Phoenix Financial Ltd. increased its holdings in Energy Select Sector SPDR Fund by 4,627.8% during the 4th quarter. Phoenix Financial Ltd. now owns 1,057,760 shares of the exchange traded fund’s stock worth $90,607,000 after purchasing an additional 1,035,387 shares during the last quarter. Finally, Demars Financial Group LLC increased its holdings in Energy Select Sector SPDR Fund by 921.3% during the 4th quarter. Demars Financial Group LLC now owns 1,143,693 shares of the exchange traded fund’s stock worth $97,969,000 after purchasing an additional 1,031,708 shares during the last quarter.

About Energy Select Sector SPDR Fund

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.