Financial Select Sector SPDR Fund (NYSEARCA:XLF) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Financial Select Sector SPDR Fund (NYSEARCA:XLF) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $43.98 and traded as high as $49.92. Financial Select Sector SPDR Fund shares last traded at $49.55, with a volume of 33,911,538 shares changing hands.

Financial Select Sector SPDR Fund Stock Performance

The company has a market capitalization of $46.19 billion, a P/E ratio of 18.32 and a beta of 0.83. The firm has a 50 day moving average price of $46.81 and a two-hundred day moving average price of $43.98.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

A number of large investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board boosted its position in Financial Select Sector SPDR Fund by 266.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 11,000,000 shares of the exchange traded fund’s stock valued at $452,210,000 after buying an additional 8,000,000 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Financial Select Sector SPDR Fund by 31.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 10,798,325 shares of the exchange traded fund’s stock valued at $443,919,000 after buying an additional 2,566,731 shares during the last quarter. Public Sector Pension Investment Board bought a new position in Financial Select Sector SPDR Fund in the 2nd quarter valued at $102,775,000. Raymond James & Associates boosted its position in Financial Select Sector SPDR Fund by 29.7% in the 3rd quarter. Raymond James & Associates now owns 10,603,914 shares of the exchange traded fund’s stock valued at $480,569,000 after buying an additional 2,430,124 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Financial Select Sector SPDR Fund by 241,218,500.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412,186 shares of the exchange traded fund’s stock valued at $108,930,000 after buying an additional 2,412,185 shares during the last quarter.

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.