Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Sets New 52-Week High – Should You Buy?

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $186.55 and last traded at $186.3050, with a volume of 6930960 shares. The stock had previously closed at $183.16.

Industrial Select Sector SPDR Fund Price Performance

The company has a market capitalization of $33.60 billion, a P/E ratio of 24.30 and a beta of 0.99. The firm’s 50-day moving average is $179.63 and its 200-day moving average is $173.44.

Hedge Funds Weigh In On Industrial Select Sector SPDR Fund

A number of institutional investors have recently bought and sold shares of XLI. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Industrial Select Sector SPDR Fund by 3,790.3% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,931,874 shares of the exchange traded fund’s stock valued at $474,164,000 after buying an additional 2,856,510 shares during the last quarter. Phoenix Financial Ltd. raised its holdings in shares of Industrial Select Sector SPDR Fund by 159.8% during the 4th quarter. Phoenix Financial Ltd. now owns 3,950,353 shares of the exchange traded fund’s stock worth $612,778,000 after acquiring an additional 2,430,047 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Industrial Select Sector SPDR Fund by 31.6% during the 4th quarter. Wells Fargo & Company MN now owns 6,607,181 shares of the exchange traded fund’s stock valued at $1,024,906,000 after acquiring an additional 1,585,209 shares during the last quarter. PGIM Custom Harvest LLC bought a new position in shares of Industrial Select Sector SPDR Fund during the 3rd quarter valued at approximately $183,767,000. Finally, Morgan Stanley grew its holdings in shares of Industrial Select Sector SPDR Fund by 9.2% in the fourth quarter. Morgan Stanley now owns 9,884,699 shares of the exchange traded fund’s stock valued at $1,533,315,000 after purchasing an additional 835,625 shares in the last quarter.

About Industrial Select Sector SPDR Fund

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.