Energy Select Sector SPDR Fund (XLE) Shares Gap Down to $65.98

Energy Select Sector SPDR Fund (NYSEARCA:XLE)’s share price gapped down prior to trading on Friday . The stock had previously closed at $67.62, but opened at $65.98. Energy Select Sector SPDR Fund shares last traded at $63.91, with a volume of 14421770 shares trading hands.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Morgan Stanley boosted its stake in Energy Select Sector SPDR Fund by 12.2% during the third quarter. Morgan Stanley now owns 11,701,493 shares of the exchange traded fund’s stock worth $886,270,000 after acquiring an additional 1,267,761 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Energy Select Sector SPDR Fund by 19.6% during the third quarter. JPMorgan Chase & Co. now owns 3,625,097 shares of the exchange traded fund’s stock worth $274,565,000 after acquiring an additional 594,481 shares in the last quarter. TD Asset Management Inc. boosted its stake in Energy Select Sector SPDR Fund by 10.8% during the third quarter. TD Asset Management Inc. now owns 2,020,300 shares of the exchange traded fund’s stock worth $153,018,000 after acquiring an additional 197,300 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Energy Select Sector SPDR Fund by 58.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,741,918 shares of the exchange traded fund’s stock worth $132,281,000 after acquiring an additional 643,117 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Energy Select Sector SPDR Fund by 1.7% during the third quarter. Alliancebernstein L.P. now owns 1,450,417 shares of the exchange traded fund’s stock worth $109,855,000 after acquiring an additional 24,227 shares in the last quarter.

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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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