Van ECK Associates Corp Acquires 8,669 Shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP)

Van ECK Associates Corp increased its holdings in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 27.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 40,354 shares of the company’s stock after buying an additional 8,669 shares during the quarter. Van ECK Associates Corp owned about 0.15% of SPDR S&P Oil & Gas Exploration & Production ETF worth $5,525,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of XOP. Meritage Portfolio Management purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the fourth quarter valued at approximately $7,439,000. Valley Wealth Managers Inc. purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter valued at $5,836,000. Black Swift Group LLC purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter valued at $3,150,000. Eldridge Investment Advisors Inc. purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the third quarter worth about $1,109,000. Finally, Janney Montgomery Scott LLC lifted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 65.7% in the third quarter. Janney Montgomery Scott LLC now owns 14,155 shares of the company’s stock worth $2,094,000 after acquiring an additional 5,610 shares during the period.

SPDR S&P Oil & Gas Exploration & Production ETF Price Performance

NYSEARCA:XOP opened at $150.23 on Friday. SPDR S&P Oil & Gas Exploration & Production ETF has a 1-year low of $115.89 and a 1-year high of $162.49. The company has a 50-day moving average of $151.01 and a 200 day moving average of $142.07. The firm has a market cap of $3.83 billion, a PE ratio of 4.95 and a beta of 0.68.

SPDR S&P Oil & Gas Exploration & Production ETF 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.