This article first appeared on GuruFocus.
State Street Energy Select Sector SPDR ETF (XLE) extended its buying streak in Thursday’s session, adding $257.7 million of stock across all 21 positions and trimming none. The fund’s gross ETF activity matched its net bought figure, with no shares sold.
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What did XLE buy on Thursday?
Its largest buys by dollar value were XOM ($62.6 million), CVX ($47.4 million) and COP ($18.7 million).
Exxon Mobil (XOM) was the largest buy, up 341,700 shares for $62.6 million at a 24.3% weight, followed by Chevron (CVX) with 204,600 shares for $47.4 million at 18.37%. ConocoPhillips (COP) added 124,350 shares for $18.7 million, Marathon Petroleum (MPC) 27,450 shares for $11.9 million and Phillips 66 (PSX) 42,075 shares for $11.5 million. No new positions were opened and no holdings were exited.
How does XLE invest?
XLE is an equity fund in the Equity Theme – Natural Resources category, holding 21 stocks with 78.5% of assets in its 10 largest holdings. All of its classified stocks sit in the Energy sector, and its market-cap mix is 100.0% large cap. It charges an expense ratio of 0.08%. Top holdings are Exxon Mobil at 24.3%, Chevron at 18.37%, ConocoPhillips at 7.24%, Marathon Petroleum at 4.61% and Phillips 66 at 4.47%. The fund has a GF Score of 70, a P/E of 14.01, a P/B of 2.01, a dividend yield of 2.17% and a year-to-date return of 59.71%.
State Street Energy Select Sector SPDR ETF (XLE) at a glance
See the full State Street Energy Select Sector SPDR ETF profile, or compare it with similar funds in the ETF Screener. For the stock behind its biggest buy, see XOM’s GF Value page and guru trades.
What should investors watch next for XLE?
With every position raised and no sells, watch whether XLE keeps adding across the board or begins rebalancing its heaviest weights, Exxon
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
