Energy Select Sector SPDR Fund (NYSEARCA:XLE) Stock Crosses Below 200-Day Moving Average of $50.79

Energy Select Sector SPDR Fund (NYSEARCA:XLE)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $50.79 and traded as low as $46.47. Energy Select Sector SPDR Fund shares last traded at $47.24, with a volume of 42,827,913 shares changing hands.

The business has a 50-day moving average of $48.78 and a 200-day moving average of $50.79.

Hedge funds have recently added to or reduced their stakes in the stock. South State CORP. boosted its stake in shares of Energy Select Sector SPDR Fund by 684.6% during the 1st quarter. South State CORP. now owns 510 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 445 shares during the period. Capital Analysts LLC purchased a new position in shares of Energy Select Sector SPDR Fund during the 2nd quarter worth about $29,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Energy Select Sector SPDR Fund during the 1st quarter worth about $28,000. Eubel Brady & Suttman Asset Management Inc. purchased a new position in shares of Energy Select Sector SPDR Fund during the 2nd quarter worth about $31,000. Finally, Belmont Capital LLC boosted its stake in shares of Energy Select Sector SPDR Fund by 1,520.0% during the 2nd quarter. Belmont Capital LLC now owns 648 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 608 shares during the period.

About Energy Select Sector SPDR Fund (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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