Energy Select Sector SPDR Fund (NYSEARCA:XLE) Sets New 52-Week Low – Here’s Why

Energy Select Sector SPDR Fund (NYSEARCA:XLE)’s stock price reached a new 52-week low on Friday . The stock traded as low as $79.38 and last traded at $81.27, with a volume of 15266907 shares changing hands. The stock had previously closed at $86.74.

Energy Select Sector SPDR Fund Trading Down 9.2 %

The firm’s 50 day moving average price is $89.97 and its two-hundred day moving average price is $90.28. The company has a market capitalization of $27.96 billion, a price-to-earnings ratio of 16.23 and a beta of 0.93.

Energy Select Sector SPDR Fund Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in XLE. Raymond James Financial Inc. acquired a new position in Energy Select Sector SPDR Fund in the 4th quarter valued at about $287,435,000. JPMorgan Chase & Co. increased its stake in shares of Energy Select Sector SPDR Fund by 20.7% during the third 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 period. Phoenix Financial Ltd. lifted 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. Demars Financial Group LLC boosted its stake in Energy Select Sector SPDR Fund by 921.3% in the 4th quarter. Demars Financial Group LLC now owns 1,143,693 shares of the exchange traded fund’s stock valued at $97,969,000 after purchasing an additional 1,031,708 shares during the period. Finally, D. E. Shaw & Co. Inc. acquired a new position in Energy Select Sector SPDR Fund in the 4th quarter valued at $71,923,000.

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.