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

Financial Select Sector SPDR Fund (NYSEARCA:XLF) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $45.46 and traded as high as $49.13. Financial Select Sector SPDR Fund shares last traded at $49.11, with a volume of 20,805,395 shares trading hands.

Financial Select Sector SPDR Fund Price Performance

The company has a 50 day simple moving average of $49.03 and a 200-day simple moving average of $45.46. The stock has a market cap of $45.78 billion, a P/E ratio of 18.32 and a beta of 0.83.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Graypoint LLC grew its holdings in Financial Select Sector SPDR Fund by 3.9% in the 2nd quarter. Graypoint LLC now owns 591,753 shares of the exchange traded fund’s stock worth $24,327,000 after acquiring an additional 22,366 shares during the last quarter. Ingalls & Snyder LLC boosted its holdings in shares of Financial Select Sector SPDR Fund by 2.1% during the second quarter. Ingalls & Snyder LLC now owns 36,455 shares of the exchange traded fund’s stock worth $1,499,000 after purchasing an additional 735 shares during the period. Advisors Management Group Inc. ADV grew its stake in shares of Financial Select Sector SPDR Fund by 1.7% in the second quarter. Advisors Management Group Inc. ADV now owns 21,729 shares of the exchange traded fund’s stock worth $893,000 after purchasing an additional 359 shares during the last quarter. Elm Partners Management LLC increased its holdings in Financial Select Sector SPDR Fund by 119.0% during the 2nd quarter. Elm Partners Management LLC now owns 10,652 shares of the exchange traded fund’s stock valued at $438,000 after purchasing an additional 5,788 shares during the period. Finally, Focused Wealth Management Inc raised its position in Financial Select Sector SPDR Fund by 1.9% during the 2nd quarter. Focused Wealth Management Inc now owns 430,385 shares of the exchange traded fund’s stock valued at $17,693,000 after purchasing an additional 7,842 shares during 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.