Energy Select Sector SPDR Fund (NYSEARCA:XLE) Reaches New 1-Year Low – Here’s What Happened

Energy Select Sector SPDR Fund (NYSEARCA:XLE)’s stock price reached a new 52-week low during mid-day trading on Friday . The company 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 Stock Down 9.2 %

The company has a market capitalization of $27.96 billion, a P/E ratio of 16.23 and a beta of 0.93. The firm has a fifty day simple moving average of $89.97 and a 200-day simple moving average of $90.28.

Energy Select Sector SPDR Fund Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were issued a dividend of $0.7163 per share. This is an increase from Energy Select Sector SPDR Fund’s previous dividend of $0.71. The ex-dividend date was Monday, March 24th.

Institutional Investors Weigh In On Energy Select Sector SPDR Fund

Several large investors have recently made changes to their positions in XLE. JPMorgan Chase & Co. raised its holdings in shares of Energy Select Sector SPDR Fund by 20.7% in the third quarter. JPMorgan Chase & Co. now owns 8,323,494 shares of the exchange traded fund’s stock valued at $730,803,000 after purchasing an additional 1,425,173 shares during the last quarter. Hamilton Capital LLC grew its position in Energy Select Sector SPDR Fund by 5.7% in the third quarter. Hamilton Capital LLC now owns 3,358,057 shares of the exchange traded fund’s stock valued at $297,490,000 after purchasing an additional 180,173 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Energy Select Sector SPDR Fund in the 4th quarter valued at $287,435,000. Northern Trust Corp lifted its position in Energy Select Sector SPDR Fund by 4.3% during the 4th quarter. Northern Trust Corp now owns 1,370,568 shares of the exchange traded fund’s stock worth $117,403,000 after buying an additional 56,407 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Energy Select Sector SPDR Fund by 42.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,350,000 shares of the exchange traded fund’s stock worth $115,641,000 after buying an additional 400,000 shares during the last quarter.

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.