Traders Buy Shares of SPDR S&P Oil & Gas Explore & Prod. (XOP) on Weakness

Investors bought shares of SPDR S&P Oil & Gas Explore & Prod. (NYSE:XOP) on weakness during trading on Tuesday. $62.19 million flowed into the stock on the tick-up and $33.07 million flowed out of the stock on the tick-down, for a money net flow of $29.12 million into the stock. Of all equities tracked, SPDR S&P Oil & Gas Explore & Prod. had the 30th highest net in-flow for the day. SPDR S&P Oil & Gas Explore & Prod. traded down ($0.05) for the day and closed at $30.71

The firm’s 50 day moving average price is $31.34 and its 200 day moving average price is $34.64.

A number of hedge funds have recently made changes to their positions in XOP. Bronfman E.L. Rothschild L.P. raised its stake in shares of SPDR S&P Oil & Gas Explore & Prod. by 4.0% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,560 shares of the exchange traded fund’s stock valued at $146,000 after buying an additional 175 shares in the last quarter. Twin Focus Capital Partners LLC raised its stake in shares of SPDR S&P Oil & Gas Explore & Prod. by 2.4% in the second quarter. Twin Focus Capital Partners LLC now owns 126,850 shares of the exchange traded fund’s stock valued at $4,049,000 after buying an additional 2,954 shares in the last quarter. WP Advisors LLC raised its stake in shares of SPDR S&P Oil & Gas Explore & Prod. by 20.8% in the second quarter. WP Advisors LLC now owns 34,889 shares of the exchange traded fund’s stock valued at $1,114,000 after buying an additional 6,018 shares in the last quarter. Ballentine Partners LLC bought a new stake in shares of SPDR S&P Oil & Gas Explore & Prod. during the second quarter valued at approximately $159,000. Finally, Proficio Capital Partners LLC raised its stake in shares of SPDR S&P Oil & Gas Explore & Prod. by 133.3% in the second quarter. Proficio Capital Partners LLC now owns 14,000 shares of the exchange traded fund’s stock valued at $443,000 after buying an additional 8,000 shares in the last quarter.

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SPDR S&P Oil & Gas Explore & Prod. Company Profile

SPDR S&P Oil & Gas Exploration & Production ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The S&P Oil & Gas Exploration & Production Select Industry Index represents the oil and gas exploration and production sub-industry portion of the S&P Total Markets Index.

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