Shares of Financial Select Sector SPDR Fund (NYSEARCA:XLF – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $48.27 and traded as high as $52.64. Financial Select Sector SPDR Fund shares last traded at $51.74, with a volume of 76,065,313 shares changing hands.
Financial Select Sector SPDR Fund Stock Down 0.8 %
The company’s fifty day simple moving average is $50.32 and its two-hundred day simple moving average is $48.27. The company has a market capitalization of $54.33 billion, a price-to-earnings ratio of 16.82 and a beta of 1.08.
Institutional Investors Weigh In On Financial Select Sector SPDR Fund
Hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 stake in Financial Select Sector SPDR Fund in the 4th quarter valued at $28,000. Rakuten Securities Inc. increased its stake in Financial Select Sector SPDR Fund by 212.4% in the 3rd quarter. Rakuten Securities Inc. now owns 603 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 410 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Financial Select Sector SPDR Fund in the 4th quarter valued at $30,000. Finally, Transcendent Capital Group LLC increased its stake in Financial Select Sector SPDR Fund by 4,000.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 615 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 600 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.
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