Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Hits New 1-Year High – Here’s What Happened

Shares of Health Care Select Sector SPDR Fund (NYSEARCA:XLV) reached a new 52-week high during trading on Tuesday . The stock traded as high as $169.27 and last traded at $168.7310, with a volume of 589372 shares changing hands. The stock had previously closed at $168.44.

Health Care Select Sector SPDR Fund Stock Performance

The company has a market capitalization of $43.27 billion, a PE ratio of 21.15 and a beta of 0.56. The company’s 50-day simple moving average is $158.52 and its 200-day simple moving average is $153.35.

Hedge Funds Weigh In On Health Care Select Sector SPDR Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Intelligence Driven Advisers LLC grew its position in shares of Health Care Select Sector SPDR Fund by 3.2% during the fourth quarter. Intelligence Driven Advisers LLC now owns 4,952 shares of the exchange traded fund’s stock worth $767,000 after acquiring an additional 152 shares during the last quarter. Blue Fin Capital Inc. lifted its position in Health Care Select Sector SPDR Fund by 17.3% in the 4th quarter. Blue Fin Capital Inc. now owns 2,172 shares of the exchange traded fund’s stock valued at $336,000 after purchasing an additional 320 shares during the last quarter. JM2 Capital Inc. acquired a new position in Health Care Select Sector SPDR Fund during the 4th quarter valued at about $214,000. Invera Wealth Advisors LLC bought a new position in Health Care Select Sector SPDR Fund in the 4th quarter worth about $204,000. Finally, Asset Advisors Investment Management LLC increased its stake in shares of Health Care Select Sector SPDR Fund by 5.6% in the fourth quarter. Asset Advisors Investment Management LLC now owns 98,733 shares of the exchange traded fund’s stock valued at $15,284,000 after purchasing an additional 5,241 shares during the period.

Health Care Select Sector SPDR Fund Company Profile

Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500). The Health Care Select Sector Index includes companies from the industries, such as pharmaceuticals, healthcare providers and services, healthcare equipment and supplies, biotechnology, life sciences tools and services, and healthcare technology.