Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) Sets New 1-Year High at $88.63

Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) reached a new 52-week high during trading on Tuesday . The stock traded as high as $88.63 and last traded at $88.44, with a volume of 240894 shares traded. The stock had previously closed at $87.78.

Communication Services Select Sector SPDR Fund Stock Down 0.1 %

The firm’s 50 day simple moving average is $85.67 and its 200 day simple moving average is $83.49. The company has a market cap of $19.20 billion, a price-to-earnings ratio of 29.67 and a beta of 1.15.

Institutional Trading of Communication Services Select Sector SPDR Fund

Several large investors have recently added to or reduced their stakes in the business. Boltwood Capital Management raised its holdings in Communication Services Select Sector SPDR Fund by 0.6% during the first quarter. Boltwood Capital Management now owns 20,430 shares of the company’s stock worth $1,668,000 after purchasing an additional 125 shares in the last quarter. Abbot Financial Management Inc. increased its stake in Communication Services Select Sector SPDR Fund by 4.2% in the 2nd quarter. Abbot Financial Management Inc. now owns 3,075 shares of the company’s stock worth $263,000 after purchasing an additional 125 shares in the last quarter. Chesapeake Wealth Management increased its stake in Communication Services Select Sector SPDR Fund by 0.4% in the 2nd quarter. Chesapeake Wealth Management now owns 29,766 shares of the company’s stock worth $2,550,000 after purchasing an additional 129 shares in the last quarter. Rockingstone Advisors LLC raised its holdings in Communication Services Select Sector SPDR Fund by 1.7% during the 2nd quarter. Rockingstone Advisors LLC now owns 8,525 shares of the company’s stock worth $730,000 after buying an additional 140 shares during the period. Finally, Scotia Capital Inc. lifted its stake in Communication Services Select Sector SPDR Fund by 1.5% during the fourth quarter. Scotia Capital Inc. now owns 9,718 shares of the company’s stock valued at $706,000 after buying an additional 142 shares in the last quarter.

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.