Financial Select Sector SPDR Fund (NYSEARCA:XLF) Stock Crosses Above 200-Day Moving Average of $40.12

Financial Select Sector SPDR Fund (NYSEARCA:XLF) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $40.12 and traded as high as $41.76. Financial Select Sector SPDR Fund shares last traded at $41.55, with a volume of 21,109,495 shares trading hands.

Financial Select Sector SPDR Fund Stock Performance

The business has a 50 day simple moving average of $41.29 and a 200-day simple moving average of $40.12. The firm has a market cap of $38.73 billion, a price-to-earnings ratio of 18.32 and a beta of 0.83.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new position in Financial Select Sector SPDR Fund during the third quarter valued at $32,000. Orion Capital Management LLC bought a new position in Financial Select Sector SPDR Fund during the 3rd quarter worth approximately $116,000. Employees Retirement System of Texas purchased a new stake in Financial Select Sector SPDR Fund during the 3rd quarter valued at $24,911,000. Harbour Investments Inc. grew its stake in shares of Financial Select Sector SPDR Fund by 53.3% in the third quarter. Harbour Investments Inc. now owns 81,856 shares of the exchange traded fund’s stock worth $2,715,000 after purchasing an additional 28,464 shares during the last quarter. Finally, Tudor Investment Corp Et Al raised its holdings in shares of Financial Select Sector SPDR Fund by 2,253.7% during the third quarter. Tudor Investment Corp Et Al now owns 204,769 shares of the exchange traded fund’s stock valued at $6,792,000 after acquiring an additional 196,069 shares in the last quarter.

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.