Energy Select Sector SPDR Fund (NYSEARCA:XLE) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Energy Select Sector SPDR Fund (NYSEARCA:XLE)’s stock price crossed 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 changing hands.

Energy Select Sector SPDR Fund Trading Down 9.2 %

The company’s 50-day moving average is $89.97 and its two-hundred day moving average is $90.26. The stock has a market capitalization of $27.96 billion, a P/E ratio of 16.23 and a beta of 0.93.

Energy Select Sector SPDR Fund Increases Dividend

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

Hedge Funds Weigh In On Energy Select Sector SPDR Fund

Several hedge funds have recently modified their holdings of the company. Quadrant Private Wealth Management LLC lifted its position in shares of Energy Select Sector SPDR Fund by 1.5% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 7,677 shares of the exchange traded fund’s stock valued at $658,000 after acquiring an additional 113 shares during the last quarter. Forvis Mazars Wealth Advisors LLC raised its position in shares of Energy Select Sector SPDR Fund by 1.7% during the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 7,021 shares of the exchange traded fund’s stock worth $601,000 after purchasing an additional 114 shares during the period. Baltimore Washington Financial Advisors Inc. lifted its holdings in shares of Energy Select Sector SPDR Fund by 2.9% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 4,107 shares of the exchange traded fund’s stock valued at $352,000 after purchasing an additional 115 shares during the last quarter. Glenview Trust co boosted its position in shares of Energy Select Sector SPDR Fund by 1.8% in the 4th quarter. Glenview Trust co now owns 6,616 shares of the exchange traded fund’s stock valued at $567,000 after purchasing an additional 115 shares during the period. Finally, FOCUS Wealth Advisors LLC boosted its position in shares of Energy Select Sector SPDR Fund by 0.3% in the 4th quarter. FOCUS Wealth Advisors LLC now owns 45,171 shares of the exchange traded fund’s stock valued at $3,869,000 after purchasing an additional 123 shares during the period.

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.