Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Reaches New 12-Month High – Time to Buy?

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) hit a new 52-week high during trading on Monday . The company traded as high as $179.98 and last traded at $179.3580, with a volume of 852199 shares trading hands. The stock had previously closed at $176.18.

Industrial Select Sector SPDR Fund Stock Up 1.8%

The business’s 50-day simple moving average is $172.18 and its 200 day simple moving average is $166.88. The firm has a market capitalization of $31.04 billion, a P/E ratio of 24.30 and a beta of 0.99.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Richards Merrill & Peterson Inc. bought a new position in shares of Industrial Select Sector SPDR Fund in the fourth quarter worth approximately $25,000. Ankerstar Wealth LLC bought a new position in shares of Industrial Select Sector SPDR Fund in the fourth quarter worth approximately $25,000. Main Street Group LTD bought a new position in shares of Industrial Select Sector SPDR Fund in the first quarter worth approximately $28,000. Financial Network Wealth Advisors LLC lifted its stake in Industrial Select Sector SPDR Fund by 148.1% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 117 shares during the period. Finally, Ransom Advisory Ltd bought a new stake in Industrial Select Sector SPDR Fund in the fourth quarter valued at $31,000.

Industrial Select Sector SPDR Fund Company Profile

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.