Meridian Investment Counsel Inc. Acquires 11,954 Shares of SPDR S&P Oil & Gas Equipment & Services ETF $XES

Meridian Investment Counsel Inc. purchased a new stake in SPDR S&P Oil & Gas Equipment & Services ETF (NYSEARCA:XES) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,954 shares of the company’s stock, valued at approximately $1,285,000.

Several other large investors have also recently added to or reduced their stakes in XES. Vicus Capital bought a new stake in shares of SPDR S&P Oil & Gas Equipment & Services ETF in the first quarter valued at about $4,230,000. SummitTX Capital L.P. bought a new position in SPDR S&P Oil & Gas Equipment & Services ETF during the first quarter worth about $1,033,000. Financial Management Professionals Inc. bought a new position in SPDR S&P Oil & Gas Equipment & Services ETF during the second quarter worth about $993,000. Envestnet Asset Management Inc. raised its stake in SPDR S&P Oil & Gas Equipment & Services ETF by 61.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,561 shares of the company’s stock worth $847,000 after purchasing an additional 2,866 shares in the last quarter. Finally, Wealthfront Advisers LLC raised its stake in SPDR S&P Oil & Gas Equipment & Services ETF by 15.1% in the 1st quarter. Wealthfront Advisers LLC now owns 6,638 shares of the company’s stock worth $772,000 after purchasing an additional 872 shares in the last quarter.

SPDR S&P Oil & Gas Equipment & Services ETF Stock Down 3.3%

NYSEARCA XES opened at $107.25 on Thursday. The company has a market capitalization of $338.91 million, a P/E ratio of 12.43 and a beta of 1.02. SPDR S&P Oil & Gas Equipment & Services ETF has a 12-month low of $69.88 and a 12-month high of $135.35. The firm has a 50-day moving average price of $116.90 and a two-hundred day moving average price of $117.79.

SPDR S&P Oil & Gas Equipment & Services ETF Company Profile

SPDR S&P Oil & Gas Equipment & Services ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Equipment & Services Select Industry Index. The S&P Oil & Gas Equipment & Services Select Industry Index represents the oil and gas equipment and services sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.