SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Shares Pass Below 50 Day Moving Average – Should You Sell?

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $134.39 and traded as low as $130.88. SPDR S&P Oil & Gas Exploration & Production ETF shares last traded at $131.36, with a volume of 5,114,633 shares.

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

The stock has a market capitalization of $2.10 billion, a P/E ratio of 11.69 and a beta of 1.69. The stock’s fifty day moving average is $134.39 and its two-hundred day moving average is $135.11.

Institutional Trading of SPDR S&P Oil & Gas Exploration & Production ETF

Large investors have recently added to or reduced their stakes in the business. Cary Street Partners Financial LLC acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the 4th quarter worth approximately $1,461,000. Baird Financial Group Inc. boosted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 111.0% in the 4th quarter. Baird Financial Group Inc. now owns 14,433 shares of the company’s stock worth $1,910,000 after purchasing an additional 7,592 shares during the period. Marshall Wace LLP boosted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 489.6% in the 4th quarter. Marshall Wace LLP now owns 39,500 shares of the company’s stock worth $5,229,000 after purchasing an additional 32,800 shares during the period. Anchor Investment Management LLC boosted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 30.3% in the 4th quarter. Anchor Investment Management LLC now owns 331 shares of the company’s stock worth $44,000 after purchasing an additional 77 shares during the period. Finally, Rossby Financial LCC acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the 4th quarter worth approximately $345,000.

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.