State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES)
State Street SPDR S&P Oil & Gas Equipment & Services ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $121.29, down 0.11% on the session, giving a market capitalisation of $389.9M. Its beta of 0.75 implies it has historically moved less than the broad market.
The State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES) endeavors to achieve investment performance that closely tracks the total return of the S&P Oil & Gas Equipment & Services Select Industry Index, prior to accounting for fees and expenses. This fund provides concentrated access to the oil and gas equipment and services portion of the S&P Total Market Index, encompassing businesses engaged in both oil and gas drilling and the broader equipment and service provision sub-industries. By adhering to a modified equal-weighted index, the ETF aims to ensure balanced industry representation, offering diversified exposure across large, mid, and small-capitalization companies within the sector. This targeted investment vehicle enables investors to make more precise strategic or tactical allocations than traditional, broader sector funds.
State Street SPDR S&P Oil & Gas Equipment & Services ETF is most often compared with the following Financial Services names: