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

Investors purchased shares of SPDR S&P Oil & Gas Explore & Prod. (NYSE:XOP) on weakness during trading hours 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 company has a 50 day moving average of $31.62 and a 200-day moving average of $35.43. SPDR S&P Oil & Gas Explore & Prod. also was the target of some unusual options trading activity on Monday. Stock traders bought 3,746 call options on the stock. This is an increase of 127% compared to the average daily volume of 1,650 call options.

Several large investors have recently modified their holdings of the stock. Ballentine Partners LLC purchased a new stake in shares of SPDR S&P Oil & Gas Explore & Prod. during the second quarter valued at approximately $159,000. Stratos Wealth Partners LTD. increased its stake in shares of SPDR S&P Oil & Gas Explore & Prod. by 34.5% in the second quarter. Stratos Wealth Partners LTD. now owns 8,266 shares of the exchange traded fund’s stock valued at $264,000 after buying an additional 2,120 shares during the period. Ingalls & Snyder LLC purchased a new stake in shares of SPDR S&P Oil & Gas Explore & Prod. during the second quarter valued at approximately $417,000. Proficio Capital Partners LLC increased 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 during the period. Finally, Ferguson Wellman Capital Management Inc. purchased a new stake in shares of SPDR S&P Oil & Gas Explore & Prod. during the second quarter valued at approximately $500,000.

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About SPDR S&P Oil & Gas Explore & Prod.

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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