Seeking Alpha

Investors took advantage of the recent horrid tape in the energy sector to pour money into its...

Investors took advantage of the recent horrid tape in the energy sector to pour money into its SPDR (XLE) last week, the fund taking in more than a $1B - nearly 16% of AUM. The top 3 holdings - Exxon (XOM), Chevron (CVX), and Schlumberger (SLB) - account for 40% of the fund.
From other sites
Comments (2)
  • Windwood Trader
    , contributor
    Comments (2918) | Send Message
     
    The demand for energy will only increase.
    Investors like those that bought XLE and its components directly as well as Icahn buying a huge stake in Chesapeake Energy obviously realize the pent up demands and took advantage of the pricing aberration in energy being merely noise in the macro view.
    Traders may get nervous and jump off but the long view folks will hang in there and be patient.
    4 Jun 2012, 11:50 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2941) | Send Message
     
    Today I added to my position in IEZ,the oil service etf. It's a great trading vehicle,more volatile than xle. Contains SLB,HAL,BHI et al
    4 Jun 2012, 10:49 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector