Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) Reaches New 12-Month High at $85.63

Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $85.63 and last traded at $85.48, with a volume of 806609 shares traded. The stock had previously closed at $85.00.

Communication Services Select Sector SPDR Fund Stock Performance

The firm has a 50-day moving average of $82.46 and a 200-day moving average of $79.18. The firm has a market capitalization of $18.81 billion, a P/E ratio of 29.67 and a beta of 1.15.

Hedge Funds Weigh In On Communication Services Select Sector SPDR Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC grew its position in shares of Communication Services Select Sector SPDR Fund by 1,567.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 7,419 shares of the company’s stock worth $486,000 after buying an additional 6,974 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Communication Services Select Sector SPDR Fund in the 3rd quarter worth approximately $912,000. Qube Research & Technologies Ltd bought a new stake in shares of Communication Services Select Sector SPDR Fund in the 3rd quarter worth approximately $2,217,000. Tower Research Capital LLC TRC grew its position in shares of Communication Services Select Sector SPDR Fund by 866.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 28,543 shares of the company’s stock worth $1,872,000 after buying an additional 25,589 shares during the last quarter. Finally, Cape Cod Five Cents Savings Bank lifted its stake in shares of Communication Services Select Sector SPDR Fund by 84.6% in the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 8,316 shares of the company’s stock valued at $545,000 after purchasing an additional 3,810 shares during the period.

Communication Services Select Sector SPDR Fund Company Profile

The Communication Services Select Sector SPDR Fund (XLC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of US telecommunication and media & entertainment components of the S&P 500 index. XLC was launched on Jun 18, 2018 and is managed by State Street.