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Asset Summary

Weekly Performance Report for XLE ETF: Week 47, 2024

Summary: The Weekly started with XLE ETF opening at $95.48 and closing at $96.34. The ETF showed resilience throughout the Weekly, with the highest price observed at $96.41 and the lowest at $94.93. The underlying asset had a trading range of $1.48 Overall, it was a positive trading Weekly for XLE ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $0.86 or 0.90% in the closing price from the opening to the closing price over the Weekly.

Volume Analysis: Trading volume for XLE ETF was 33,473,814 units during Week 47, indicating active market participation and investor interest.

Opening Price: The Weekly started at $95.48.

Highest Price: The highest price observed during the Weekly was $96.41.

Lowest Price: The lowest price observed during the Weekly was $94.93.

Closing Price: The Weekly ended at $96.34.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

XLE includes companies that are part of the energy sector of the S&P 500. This sector comprises firms involved in the exploration, production, and distribution of oil, natural gas, and other energy resources. Major holdings often include companies such as ExxonMobil, Chevron, and ConocoPhillips.

Similar ETFs to XLE include the iShares U.S. Energy ETF (IYE) and the Vanguard Energy ETF (VDE). These ETFs also focus on the energy sector but may have different methodologies or specific exposures.

Key performance metrics for XLE include its net asset value (NAV), expense ratio, total return, and tracking error. NAV represents the per-share value of the ETF, the expense ratio indicates the cost of managing the fund, total return measures overall performance including dividends, and tracking error shows how closely XLE follows the Energy Select Sector Index.

Historically, XLE has shown performance that reflects the trends of the energy sector. Performance can vary based on energy prices, economic conditions, and the performance of individual companies within the sector.

XLE is rebalanced quarterly to align with changes in the Energy Select Sector Index. This rebalancing ensures that the ETF continues to accurately reflect the index.

Investors can purchase shares of XLE through a brokerage account, similar to other stocks and ETFs. It is traded on the New York Stock Exchange (NYSE) under the ticker symbol "XLE."

As of the latest update, XLE has an expense ratio of approximately 0.10%. This fee is deducted from the fund’s assets and covers the cost of managing the ETF.

Yes, investing in XLE carries risks such as sector risk and commodity price risk. The energy sector is highly sensitive to fluctuations in oil and gas prices, geopolitical events, and regulatory changes. Additionally, the sector can be affected by environmental policies and shifts toward renewable energy.

XLE is managed by State Street Global Advisors. The fund replicates the Energy Select Sector Index by holding the same stocks in similar proportions. Management involves periodic rebalancing to maintain accurate reflection of the index.

XLE typically distributes dividends on a quarterly basis. These dividends are paid from the income generated by the underlying stocks in the ETF’s portfolio.

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