Valeo Financial Advisors LLC Invests $1.54 Million in SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Valeo Financial Advisors LLC acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 12,243 shares of the company’s stock, valued at approximately $1,540,000.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 280.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,975,222 shares of the company’s stock worth $374,283,000 after acquiring an additional 2,192,315 shares during the last quarter. Quantitative Investment Management LLC purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the first quarter worth about $13,353,000. Quadrature Capital Ltd grew its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 730.7% during the second quarter. Quadrature Capital Ltd now owns 93,001 shares of the company’s stock worth $11,700,000 after purchasing an additional 81,806 shares in the last quarter. Marex Group plc bought a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the second quarter worth approximately $8,415,000. Finally, Group One Trading LLC purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the second quarter valued at approximately $6,944,000.

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

XOP stock opened at $124.96 on Wednesday. The firm has a 50 day simple moving average of $129.88 and a two-hundred day simple moving average of $129.37. The stock has a market cap of $1.84 billion, a PE ratio of 11.28 and a beta of 0.95. SPDR S&P Oil & Gas Exploration & Production ETF has a one year low of $99.01 and a one year high of $146.56.

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.