Oil & Gas Exploration & Production ETF Allocation Reduced

By on March 5, 2021

XOP ETFThe SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has been on an epic run to the upside since late October. It’s up over 100% in a few months.

Therefore, I decided to reduce the position of XOP in the SMA Portfolio by 10%. XOP was sold at $90.00.

The SMA portfolio still retains an overweight allocation to the energy sector. Once called “uninvestable” by a well known pundit, energy has returned to market darling.

Disclaimer: It is very challenging to outperform a buy and hold strategy. Historically, investors have found themselves well-served over the long-term by investing regularly in a diversified portfolio of stocks or low cost, broadly diversified indexed stock funds. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. All investors are advised to conduct their own independent research into individual stocks, closed-end funds, mutual funds, and exchange traded funds or any other investment vehicle before making a purchase decision. In addition, investors are advised that past performance has demonstrated no relation to future performance. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

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