Financial Select Sector SPDR Fund (NYSEARCA:XLF) Stock Breaks Above Two Hundred Day Moving Average – Should You Sell?

Financial Select Sector SPDR Fund (NYSEARCA:XLF)’s stock price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $54.48 and traded as high as $56.15. Financial Select Sector SPDR Fund shares last traded at $56.04, with a volume of 28,252,721 shares.

Financial Select Sector SPDR Fund Stock Down 1.3%

The company has a 50 day moving average of $56.12 and a 200-day moving average of $54.53. The stock has a market capitalization of $52.53 billion, a P/E ratio of 18.25 and a beta of 0.87.

Institutional Trading of Financial Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently modified their holdings of XLF. NTV Asset Management LLC acquired a new stake in Financial Select Sector SPDR Fund during the third quarter valued at approximately $9,843,000. Evergreen Capital Management LLC acquired a new position in Financial Select Sector SPDR Fund in the third quarter worth approximately $948,000. Canton Hathaway LLC lifted its position in shares of Financial Select Sector SPDR Fund by 18.9% during the 3rd quarter. Canton Hathaway LLC now owns 7,512 shares of the exchange traded fund’s stock valued at $401,000 after acquiring an additional 1,196 shares during the last quarter. West Financial Advisors LLC acquired a new stake in shares of Financial Select Sector SPDR Fund during the 3rd quarter valued at $3,903,000. Finally, Manchester Capital Management LLC acquired a new stake in shares of Financial Select Sector SPDR Fund during the 3rd quarter valued at $366,000. 72.51% of the stock is owned by institutional investors and hedge funds.

About Financial Select Sector SPDR Fund

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.