This article first appeared on GuruFocus.
State Street Energy Select Sector SPDR ETF (XLE) posted a net outflow of $171.3 million on Monday, Nov. 2, with gross traded value of $171.3 million. The ETF activity was entirely one-sided: XLE increased no positions and decreased all 21 of its holdings, with no new buys reported.
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What did XLE sell on Monday?
Its largest sells by dollar value were XOM ($41.7 million), CVX ($31.7 million) and COP ($12.4 million).
Exxon Mobil (XOM) led the selling with 232,356 shares cut, a value of $41.7 million, and the stock still makes up 24.36% of the portfolio. Chevron (CVX) was next, down 139,128 shares for $31.7 million at an 18.49% weight, followed by ConocoPhillips (COP) at -84,609 shares and $12.4 million. Marathon Petroleum (MPC) fell 18,717 shares for $8.1 million and Phillips 66 (PSX) dropped 28,611 shares for $7.9 million. None of the sells were new positions or full exits.
How does XLE invest?
XLE is an Equity Theme – Natural Resources fund in the Equity asset class, holding 21 stocks with 78.8% of assets in its 10 largest holdings. Energy accounts for 100.0% of the stocks that could be classified, and the market-cap mix is 100.0% large cap, 0.0% mid cap and 0.0% small cap. It has an expense ratio of 0.08%. Its top holdings are Exxon Mobil at 24.36%, Chevron at 18.49%, ConocoPhillips at 7.25%, Marathon Petroleum at 4.69% and Phillips 66 at 4.6%. The fund has a GF Score of 70, a P/E of 14.01, a P/B of 2.01, a dividend yield of 2.28% and a year-to-date return of 52.1%.
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 sell, see XOM’s GF Value page and guru trades.
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
