Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Hits New 12-Month High – Still a Buy?

Industrial Select Sector SPDR Fund (NYSEARCA:XLIGet Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $162.78 and last traded at $162.4740, with a volume of 1031378 shares traded. The stock had previously closed at $161.93.

Industrial Select Sector SPDR Fund Stock Performance

The stock has a market cap of $27.59 billion, a P/E ratio of 24.30 and a beta of 1.07. The business’s 50-day moving average price is $154.72 and its 200-day moving average price is $152.89.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC raised its stake in Industrial Select Sector SPDR Fund by 118.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 164 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 89 shares during the period. Chung Wu Investment Group LLC bought a new stake in shares of Industrial Select Sector SPDR Fund during the 3rd quarter valued at $31,000. Ransom Advisory Ltd purchased a new position in shares of Industrial Select Sector SPDR Fund during the 4th quarter valued at $31,000. Chesapeake Asset Management LLC bought a new position in Industrial Select Sector SPDR Fund in the 4th quarter worth $31,000. Finally, Asset Dedication LLC purchased a new stake in Industrial Select Sector SPDR Fund in the 3rd quarter worth $32,000.

About Industrial Select Sector SPDR Fund

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Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.

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