Harnessing Power: The Influence of Energy Sector ETF XLE in Today’s Market
–News Direct–
The Energy Select Sector SPDR Fund (XLE), an exchange-traded fund (ETF) focusing on the energy sector, continues to play an important role in today's investment landscape. This ETF seeks to provide investment results that correspond generally to the price and yield performance of publicly traded companies in the Energy Select Sector Index.
XLE offers exposure to the largest U.S. energy firms, including those in oil, gas, consumable fuels, and energy equipment and services industries. The fund is a passively managed Sector Energy ETF, making it an attractive choice for investors looking to gain broad exposure to the energy sector without having to invest directly in individual stocks.
As a modified market-cap-weighted index of U.S. energy companies in the S&P 500, XLE offers exposure to a basket of U.S. energy firms. This approach provides investors diversified exposure to the energy sector, reducing the risk associated with investing in individual stocks.
Key Holdings* of XLE Include:
Exxon Mobil Corporation (23.47%)
Chevron Corporation (17.02%)
ConocoPhillips (9.01%)
EOG Resources (4.69%)
Schlumberger (4.12%)
Marathon Petroleum Corporation (4.07%)
Pioneer Natural Resources Co. (3.83%)
Phillips 66 (3.75%)
Valero Energy Corporation (3.31%)
Williams Companies Inc. (2.84%)
These holdings represent a balanced mix of companies engaged in different aspects of the energy sector, providing investors with a comprehensive view of the industry.
Boasting more than $39 billion in assets and a low total expense ratio of just 0.09%**, XLE offers a convenient gateway to this essential industry.
In recent times, global events have impacted and spotlighted the energy sector. The performance and holdings of XLE reflect the broader trends and developments in the energy industry, making it a valuable tool for investors seeking to understand and navigate these complex dynamics.
DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication.
About the Company:
Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals.
*Holdings, Weightings & Assets as of 4/30/24 subject to change
**Ordinary brokerage fees apply
DISCLOSURES
The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing.
One may not invest directly in an index.
Transparent ETFs provide daily disclosure of portfolio holdings and weightings
All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing.
ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust.
Media Contact:
Company: Select Sector SPDRs
Contact: Dan Dolan*
Address: 1290 Broadway, Suite 1000, Denver, CO 80203
Country: United States
Email: dan.dolan@sectorspdrs.com
Website: https://www.sectorspdrs.com/
*Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust.
SEL007474 EXP 6/30/24
Contact Details
Dan Dolan
+1 203-935-8103
Company Website
View source version on newsdirect.com: https://newsdirect.com/news/harnessing-power-the-influence-of-energy-sector-etf-xle-in-todays-market-670711788
Select Sector SPDR
COMTEX_451764114/2655/2024-05-02T05:04:16
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Prime Report Hub journalist was involved in the writing and production of this article.