Financial Select Sector SPDR Fund (NYSEARCA:XLF) Sets New 52-Week High – Still a Buy?

Posted by James Quigley on Jul 16th, 2026

Financial Select Sector SPDR Fund (NYSEARCA:XLF – Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $56.62 and last traded at $56.6430, with a volume of 5092817 shares trading hands. The stock had previously closed at $56.07.

Financial Select Sector SPDR Fund Price Performance

The stock has a 50-day simple moving average of $53.08 and a 200 day simple moving average of $52.45. The company has a market capitalization of $54.87 billion, a PE ratio of 18.25 and a beta of 0.86.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE raised its position in Financial Select Sector SPDR Fund by 6.7% during the first quarter. Bank of America Corp DE now owns 85,978,579 shares of the exchange traded fund’s stock worth $4,244,762,000 after acquiring an additional 5,364,413 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Financial Select Sector SPDR Fund by 20.3% in the fourth quarter. Raymond James Financial Inc. now owns 16,288,590 shares of the exchange traded fund’s stock valued at $892,126,000 after purchasing an additional 2,753,084 shares during the last quarter. Focus Partners Wealth grew its position in shares of Financial Select Sector SPDR Fund by 12.6% in the fourth quarter. Focus Partners Wealth now owns 12,376,864 shares of the exchange traded fund’s stock valued at $677,881,000 after purchasing an additional 1,388,978 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of Financial Select Sector SPDR Fund by 478.6% during the 3rd quarter. Two Sigma Investments LP now owns 10,814,100 shares of the exchange traded fund’s stock worth $582,556,000 after purchasing an additional 8,945,030 shares in the last quarter. Finally, PGIM Custom Harvest LLC purchased a new position in shares of Financial Select Sector SPDR Fund during the 3rd quarter worth approximately $542,917,000. 72.51% of the stock is currently owned by hedge funds and other institutional investors.

Financial Select Sector SPDR Fund Company Profile

(Get Free Report)

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.