SPDR S&P Oil & Gas Exploration & Production ETF $XOP Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its position in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 70.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,247 shares of the company’s stock after buying an additional 5,058 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.06% of SPDR S&P Oil & Gas Exploration & Production ETF worth $2,227,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of XOP. Wells Fargo & Company MN boosted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 241.9% during the fourth quarter. Wells Fargo & Company MN now owns 383,331 shares of the company’s stock valued at $48,399,000 after buying an additional 271,214 shares in the last quarter. Marshall Wace LLP bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the fourth quarter worth about $28,088,000. Quadrature Capital Ltd raised its position in SPDR S&P Oil & Gas Exploration & Production ETF by 139.7% in the third quarter. Quadrature Capital Ltd now owns 222,891 shares of the company’s stock worth $29,462,000 after acquiring an additional 129,890 shares in the last quarter. Cadence Wealth Management LLC lifted its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 66.5% in the 4th quarter. Cadence Wealth Management LLC now owns 235,924 shares of the company’s stock valued at $29,788,000 after acquiring an additional 94,195 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the 3rd quarter valued at about $11,167,000.

SPDR S&P Oil & Gas Exploration & Production ETF Trading Up 2.9%

NYSEARCA:XOP opened at $161.99 on Thursday. The company has a 50-day moving average of $164.63 and a 200-day moving average of $156.21. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 11.28 and a beta of 0.53. SPDR S&P Oil & Gas Exploration & Production ETF has a twelve month low of $121.46 and a twelve month high of $190.36.

Key Headlines Impacting SPDR S&P Oil & Gas Exploration & Production ETF

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

• Positive Sentiment: Oil prices jumped after the U.S. launched fresh strikes against Iran, reviving fears of supply disruption through the Strait of Hormuz and boosting energy producers. Oil rises more than dollar per barrel as US launches fresh strikes against Iran
• Positive Sentiment: U.S. diesel futures posted their biggest daily gains in four years after Russia banned diesel exports, adding to concerns about refined-fuel supply and supporting the broader oil complex. US diesel futures post biggest daily gains in four years after Russia bans exports
• Positive Sentiment: Market commentary pointed to renewed inflation fears and stronger crude prices after Trump said an interim Iran agreement was over, which tends to lift oil-and-gas exploration names like XOP. Investors get inflation ‘wake-up call’ as Trump fires up oil prices
• Positive Sentiment: Reuters also reported earlier strikes on Iran, reinforcing a supply-disruption trade that has been lifting crude and related energy equities. US oil prices jump after US military launches strikes against Iran
• Neutral Sentiment: One offsetting headline: U.S. crude inventories unexpectedly rose by 3 million barrels, which can cap gains if traders focus on near-term supply builds rather than geopolitical risk. U.S. Crude Oil Stockpiles Post Unexpected Build

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. 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.