Financial Select Sector SPDR Fund (NYSEARCA:XLF) Stock Passes Above 200 Day Moving Average – Time to Sell?

Financial Select Sector SPDR Fund (NYSEARCA:XLF)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $49.30 and traded as high as $51.17. Financial Select Sector SPDR Fund shares last traded at $50.94, with a volume of 38,733,150 shares.

Financial Select Sector SPDR Fund Stock Down 0.3%

The company has a market capitalization of $50.63 billion, a P/E ratio of 17.01 and a beta of 1.00. The stock has a fifty day simple moving average of $48.25 and a 200-day simple moving average of $49.30.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

Hedge funds have recently made changes to their positions in the company. North Capital Inc. acquired a new stake in shares of Financial Select Sector SPDR Fund in the first quarter valued at $27,000. Smallwood Wealth Investment Management LLC acquired a new stake in Financial Select Sector SPDR Fund in the 1st quarter valued at about $27,000. Copia Wealth Management acquired a new stake in Financial Select Sector SPDR Fund in the 4th quarter valued at about $27,000. Hamilton Point Investment Advisors LLC bought a new position in shares of Financial Select Sector SPDR Fund in the first quarter worth about $28,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of Financial Select Sector SPDR Fund during the fourth quarter worth approximately $28,000.

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.