Financial Select Sector SPDR Fund (NYSEARCA:XLF – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $58.52 and last traded at $58.34, with a volume of 3260162 shares trading hands. The stock had previously closed at $57.66.
Financial Select Sector SPDR Fund Stock Performance
The stock has a fifty day moving average price of $56.71 and a 200-day moving average price of $53.22. The firm has a market cap of $58.86 billion, a PE ratio of 18.25 and a beta of 0.85.
Institutional Investors Weigh In On Financial Select Sector SPDR Fund
Hedge funds have recently modified their holdings of the stock. Montgomery Financial Services LLC purchased a new position in Financial Select Sector SPDR Fund in the 2nd quarter valued at about $26,000. Wexford Capital LP bought a new stake in Financial Select Sector SPDR Fund during the third quarter valued at $29,000. Strengthening Families & Communities LLC grew its position in shares of Financial Select Sector SPDR Fund by 96.6% during the 2nd quarter. Strengthening Families & Communities LLC now owns 576 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 283 shares during the last quarter. Intesa Sanpaolo Wealth Management bought a new position in shares of Financial Select Sector SPDR Fund during the fourth quarter valued at approximately $35,000. Finally, Outlook Capital Management LLC acquired a new stake in Financial Select Sector SPDR Fund in the second quarter worth $36,000. 72.51% of the stock is currently owned by hedge funds and other institutional investors.
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.
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