SPDR S&P Oil & Gas Exploration & Production ETF $XOP Shares Sold by Frisch Financial Group Inc.

Frisch Financial Group Inc. lessened its stake in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 85.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,153 shares of the company’s stock after selling 18,341 shares during the quarter. Frisch Financial Group Inc.’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $573,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Abound Wealth Management purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the fourth quarter worth about $25,000. Godfrey Financial Associates Inc. purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the 4th quarter valued at about $30,000. IFP Advisors Inc lifted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 360.3% in the 3rd quarter. IFP Advisors Inc now owns 290 shares of the company’s stock valued at $38,000 after buying an additional 227 shares in the last quarter. Advisors Preferred LLC acquired a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the 1st quarter worth about $63,000. Finally, Advisory Services Network LLC acquired a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the 3rd quarter worth about $46,000.

SPDR S&P Oil & Gas Exploration & Production ETF News Roundup

Here are the key news stories impacting SPDR S&P Oil & Gas Exploration & Production ETF this week:

• Positive Sentiment: Oil prices rose as U.S.-Iran tensions escalated again, with strikes on Iranian targets and fears of supply disruptions through the Strait of Hormuz supporting exploration and production names like XOP. Oil prices rise 4th day as US strikes on Iran raise fears of wider conflict
• Positive Sentiment: U.S. crude stockpiles fell more than analysts expected, a sign of tighter near-term supply that can support oil prices and improve sentiment for XOP constituents. U.S. Crude Oil Stockpiles Post Weekly Withdrawal
• Positive Sentiment: Market commentary continues to frame oil as testing key resistance levels, with a breakout potentially opening the door to higher price targets, which would be constructive for E&P equities. Crude Oil Price Forecast: Can Bulls Push Above Key Resistance?
• Positive Sentiment: Additional reports noted that Middle East supply risks and conflict-driven uncertainty are keeping oil markets supported, another tailwind for XOP. The best energy stocks right now as two major conflicts keep oil prices elevated
• Neutral Sentiment: Some articles said traders are waiting for more data, including storage and EIA reports, while others mentioned oil retreating from recent gains as traders take profits. US natgas prices steady as market waits for storage report
• Neutral Sentiment: OPEC demand forecasts were cut again, which adds a potential headwind for longer-term oil demand even as near-term geopolitical risks remain elevated. Natural Gas and Oil Forecast: OPEC Cuts Demand Can WTI Finally Break Above $80?

SPDR S&P Oil & Gas Exploration & Production ETF Trading Up 1.0%

NYSEARCA:XOP opened at $166.44 on Friday. The stock has a 50 day moving average of $163.37 and a two-hundred day moving average of $157.80. SPDR S&P Oil & Gas Exploration & Production ETF has a 12 month low of $121.46 and a 12 month high of $190.36. The firm has a market cap of $3.35 billion, a P/E ratio of 11.28 and a beta of 0.53.

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. 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.