Energy Select Sector SPDR Fund (NYSEARCA:XLE) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Energy Select Sector SPDR Fund (NYSEARCA:XLE) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $88.91 and traded as high as $90.66. Energy Select Sector SPDR Fund shares last traded at $90.51, with a volume of 12,930,840 shares changing hands.

Energy Select Sector SPDR Fund Stock Performance

The stock has a fifty day moving average of $88.91 and a 200-day moving average of $89.97. The company has a market cap of $39.22 billion, a PE ratio of 8.52 and a beta of 0.48.

Institutional Trading of Energy Select Sector SPDR Fund

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in shares of Energy Select Sector SPDR Fund during the 4th quarter worth $287,435,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in 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 worth $160,105,000 after acquiring an additional 1,790,000 shares in the last quarter. JPMorgan Chase & Co. grew 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 acquiring an additional 1,425,173 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Energy Select Sector SPDR Fund during the 3rd quarter valued at about $74,630,000. Finally, Strategic Financial Concepts LLC raised its holdings in shares of Energy Select Sector SPDR Fund by 11,452.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 798,369 shares of the exchange traded fund’s stock valued at $68,388,000 after purchasing an additional 791,458 shares in the last quarter.

Energy Select Sector SPDR Fund Company Profile

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.