Financial Select Sector SPDR Fund (NYSEARCA:XLF) Sets New 52-Week High – Time to Buy?

Financial Select Sector SPDR Fund (NYSEARCA:XLF)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $52.08 and last traded at $52.05, with a volume of 10499754 shares changing hands. The stock had previously closed at $51.68.

Financial Select Sector SPDR Fund Trading Up 0.5 %

The company has a market capitalization of $48.42 billion, a P/E ratio of 18.32 and a beta of 0.83. The firm has a fifty day moving average of $49.65 and a 200 day moving average of $47.11.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

Large investors have recently added to or reduced their stakes in the stock. MGB Wealth Management LLC grew its position in Financial Select Sector SPDR Fund by 2.1% during the fourth quarter. MGB Wealth Management LLC now owns 9,980 shares of the exchange traded fund’s stock valued at $482,000 after buying an additional 203 shares during the period. Braun Stacey Associates Inc. grew its position in shares of Financial Select Sector SPDR Fund by 1.8% during the 4th quarter. Braun Stacey Associates Inc. now owns 11,932 shares of the exchange traded fund’s stock valued at $577,000 after acquiring an additional 215 shares during the period. Arlington Capital Management Inc. increased its stake in shares of Financial Select Sector SPDR Fund by 4.1% in the 3rd quarter. Arlington Capital Management Inc. now owns 5,599 shares of the exchange traded fund’s stock worth $254,000 after purchasing an additional 222 shares in the last quarter. James Investment Research Inc. raised its holdings in Financial Select Sector SPDR Fund by 1.9% in the 4th quarter. James Investment Research Inc. now owns 11,915 shares of the exchange traded fund’s stock worth $576,000 after purchasing an additional 222 shares during the period. Finally, One Wealth Management Investment & Advisory Services LLC grew its holdings in Financial Select Sector SPDR Fund by 2.7% during the third quarter. One Wealth Management Investment & Advisory Services LLC now owns 8,419 shares of the exchange traded fund’s stock valued at $382,000 after purchasing an additional 224 shares during the period.

Financial Select Sector SPDR Fund Company Profile

The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.