Energy Select Sector SPDR Fund (NYSEARCA:XLE) Share Price Passes Below 200-Day Moving Average – What’s Next?

Shares of Energy Select Sector SPDR Fund (NYSEARCA:XLE) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $90.31 and traded as low as $86.71. Energy Select Sector SPDR Fund shares last traded at $86.74, with a volume of 38,388,606 shares trading hands.

Energy Select Sector SPDR Fund Trading Down 9.2 %

The company’s 50-day moving average is $89.97 and its 200 day moving average is $90.26. The firm has a market cap of $27.96 billion, a PE ratio of 16.23 and a beta of 0.93.

Energy Select Sector SPDR Fund Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were issued a $0.7163 dividend. The ex-dividend date was Monday, March 24th. This is a positive change from Energy Select Sector SPDR Fund’s previous dividend of $0.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of XLE. Rialto Wealth Management LLC purchased a new stake in Energy Select Sector SPDR Fund in the 4th quarter worth approximately $26,000. GKV Capital Management Co. Inc. acquired a new position in shares of Energy Select Sector SPDR Fund in the fourth quarter worth $26,000. Hager Investment Management Services LLC purchased a new stake in shares of Energy Select Sector SPDR Fund during the fourth quarter worth $32,000. Vermillion Wealth Management Inc. acquired a new stake in Energy Select Sector SPDR Fund during the fourth quarter valued at $33,000. Finally, Morling Financial Advisors LLC acquired a new stake in Energy Select Sector SPDR Fund during the fourth quarter valued at $34,000.

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.