Financial Select Sector SPDR Fund (NYSEARCA:XLF) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Financial Select Sector SPDR Fund (NYSEARCA:XLF)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $52.72 and traded as high as $58.10. Financial Select Sector SPDR Fund shares last traded at $57.80, with a volume of 19,749,024 shares trading hands.

Financial Select Sector SPDR Fund Stock Up 0.6%

The company has a 50 day moving average of $55.32 and a two-hundred day moving average of $52.75. The firm has a market cap of $58.89 billion, a P/E ratio of 18.25 and a beta of 0.85.

Hedge Funds Weigh In On Financial Select Sector SPDR Fund

Several hedge funds have recently made changes to their positions in the business. Cornerstone Wealth Group LLC increased its position in Financial Select Sector SPDR Fund by 116.6% in the 4th quarter. Cornerstone Wealth Group LLC now owns 83,353 shares of the exchange traded fund’s stock valued at $4,565,000 after acquiring an additional 44,863 shares in the last quarter. BLB&B Advisors LLC acquired a new position in Financial Select Sector SPDR Fund during the 4th quarter worth $492,000. BCS Wealth Management bought a new position in Financial Select Sector SPDR Fund in the 4th quarter valued at $215,000. Farther Finance Advisors LLC increased its stake in shares of Financial Select Sector SPDR Fund by 21.3% in the 4th quarter. Farther Finance Advisors LLC now owns 611,402 shares of the exchange traded fund’s stock valued at $33,487,000 after buying an additional 107,452 shares during the period. Finally, Assetmark Inc. raised its position in shares of Financial Select Sector SPDR Fund by 6.2% during the fourth quarter. Assetmark Inc. now owns 1,036,104 shares of the exchange traded fund’s stock worth $56,747,000 after acquiring an additional 60,819 shares during the last quarter. Institutional investors and hedge funds own 72.51% of the company’s stock.

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.