The State Street Energy Select Sector SPDR ETF (Symbol: XLE) experienced a significant outflow of approximately $416.8 million, reflecting a 1.0% week-over-week decrease in shares outstanding, dropping from 657,398,400 to 650,748,400. This outflow comes amid trading on the ETF’s underlying components, with Marathon Petroleum Corp. (MPC) rising about 0.5%, Phillips 66 (PSX) increasing by 0.8%, and Valero Energy Corp (VLO) also up by about 0.8%.
For context, XLE’s current trading price stands at $63.81, with a 52-week low of $42.35 and a high of $64.70. Tracking the price against its 200-day moving average can provide additional insights into its performance trends.
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