Published on 11 Oct 2021 on Zacks via Yahoo Finance
For investors seeking momentum, Energy Select Sector SPDR XLE is probably on radar. The fund just hit a 52-week high and is up about 110% from its 52-week low price of $26.98/share.But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
XLE in Focus
This fund targets the energy sector and provides exposure to companies in the oil, gas and consumable fuel, energy equipment and services industries. It charges investors 12 basis points a year in fees (see: all the Energy ETFs here).