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SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) was up 10.5% on Wednesday . The company traded as high as $26.68 and last traded at $26.65. Approximately 32,648,889 shares changed hands during trading, an increase of 81% from the average daily volume of 18,058,422 shares. The stock had previously closed at $24.12.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Monday, December 24th will be paid a dividend of $0.0659 per share. This is a boost from SPDR S&P Oil & Gas Exploration & Production ETF’s previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Friday, December 21st.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Qube Research & Technologies Ltd purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the second quarter valued at about $112,000. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the third quarter valued at about $167,000. Essex Investment Management Co. LLC purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the third quarter valued at about $239,000. IFP Advisors Inc raised its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 108.5% in the third quarter. IFP Advisors Inc now owns 5,823 shares of the company’s stock valued at $252,000 after buying an additional 3,030 shares during the last quarter. Finally, B. Riley Financial Inc. purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the second quarter valued at about $256,000.
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About SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP)
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.
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