Summit Financial LLC Takes $205,000 Position in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP)

Summit Financial LLC acquired a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,545 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors have also made changes to their positions in XOP. Anchor Investment Management LLC bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the third quarter valued at $33,000. Providence First Trust Co bought a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 4th quarter worth about $48,000. Brown Brothers Harriman & Co. bought a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 4th quarter worth about $141,000. AdvisorNet Financial Inc increased its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 42.1% during the 4th quarter. AdvisorNet Financial Inc now owns 1,855 shares of the company’s stock worth $246,000 after purchasing an additional 550 shares in the last quarter. Finally, Transcend Capital Advisors LLC lifted its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 19.6% during the 4th quarter. Transcend Capital Advisors LLC now owns 6,122 shares of the company’s stock valued at $810,000 after purchasing an additional 1,005 shares during the last quarter.

SPDR S&P Oil & Gas Exploration & Production ETF Trading Down 10.7 %

Shares of SPDR S&P Oil & Gas Exploration & Production ETF stock opened at $106.71 on Friday. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 12.11 and a beta of 1.34. The firm’s 50-day moving average price is $131.35 and its two-hundred day moving average price is $135.04. SPDR S&P Oil & Gas Exploration & Production ETF has a 1-year low of $105.02 and a 1-year high of $162.49.

SPDR S&P Oil & Gas Exploration & Production ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were given a dividend of $0.7607 per share. The ex-dividend date of this dividend was Monday, March 24th.

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

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.