Financial Select Sector SPDR Fund (NYSEARCA:XLF) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Shares of Financial Select Sector SPDR Fund (NYSEARCA:XLF) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $48.60 and traded as high as $49.83. Financial Select Sector SPDR Fund shares last traded at $49.57, with a volume of 44,279,203 shares trading hands.

Financial Select Sector SPDR Fund Stock Performance

The stock has a market capitalization of $51.55 billion, a P/E ratio of 16.71 and a beta of 1.06. The stock has a 50-day simple moving average of $50.38 and a 200 day simple moving average of $48.60.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

Institutional investors have recently made changes to their positions in the stock. Copia Wealth Management acquired a new stake in shares of Financial Select Sector SPDR Fund during the fourth quarter worth $27,000. Family Management Corp acquired a new stake in shares of Financial Select Sector SPDR Fund during the fourth quarter worth $28,000. Flagship Wealth Advisors LLC acquired a new position in Financial Select Sector SPDR Fund in the fourth quarter valued at about $28,000. Kohmann Bosshard Financial Services LLC acquired a new position in Financial Select Sector SPDR Fund in the fourth quarter valued at about $30,000. Finally, Redwood Park Advisors LLC acquired a new position in Financial Select Sector SPDR Fund in the fourth quarter valued at about $30,000.

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.