Energy Select Sector SPDR Fund (NYSEARCA:XLE) Sees Strong Trading Volume

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Energy Select Sector SPDR Fund (NYSEARCA:XLEGet Rating) saw strong trading volume on Wednesday . 6,361,858 shares were traded during trading, a decline of 84% from the previous session’s volume of 39,074,547 shares.The stock last traded at $83.11 and had previously closed at $84.24.

The business has a 50-day moving average price of $81.86 and a 200 day moving average price of $71.41.

A number of institutional investors and hedge funds have recently modified their holdings of XLE. JPMorgan Chase & Co. raised its holdings in shares of Energy Select Sector SPDR Fund by 2,191.7% in the 1st quarter. JPMorgan Chase & Co. now owns 7,522,180 shares of the exchange traded fund’s stock valued at $574,996,000 after acquiring an additional 7,193,941 shares in the last quarter. CFS Investment Advisory Services LLC raised its holdings in shares of Energy Select Sector SPDR Fund by 8,610.0% in the 1st quarter. CFS Investment Advisory Services LLC now owns 4,709,163 shares of the exchange traded fund’s stock valued at $62,000 after acquiring an additional 4,655,097 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Energy Select Sector SPDR Fund by 1,907.3% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,442,887 shares of the exchange traded fund’s stock valued at $135,580,000 after acquiring an additional 2,321,187 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Energy Select Sector SPDR Fund during the 1st quarter valued at about $168,168,000. Finally, Bank of Montreal Can increased its position in shares of Energy Select Sector SPDR Fund by 432.7% during the 4th quarter. Bank of Montreal Can now owns 2,271,774 shares of the exchange traded fund’s stock valued at $127,129,000 after purchasing an additional 1,845,319 shares during the last quarter.

Energy Select Sector SPDR Fund Company Profile (NYSEARCA:XLE)

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.

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