Financial Select Sector SPDR Fund (NYSEARCA:XLF) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Financial Select Sector SPDR Fund (NYSEARCA:XLF) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $48.78 and traded as high as $50.45. Financial Select Sector SPDR Fund shares last traded at $50.18, with a volume of 32,261,211 shares changing hands.

Financial Select Sector SPDR Fund Price Performance

The firm has a market cap of $52.19 billion, a PE ratio of 16.71 and a beta of 1.06. The business has a 50-day moving average price of $50.56 and a two-hundred day moving average price of $48.78.

Financial Select Sector SPDR Fund Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were paid a $0.1788 dividend. The ex-dividend date was Monday, March 24th. This is a positive change from Financial Select Sector SPDR Fund’s previous dividend of $0.16.

Institutional Trading of Financial Select Sector SPDR Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadcap Wealth Management LLC boosted its position in shares of Financial Select Sector SPDR Fund by 1.3% in the fourth quarter. Quadcap Wealth Management LLC now owns 15,751 shares of the exchange traded fund’s stock worth $761,000 after acquiring an additional 199 shares during the last quarter. Monetary Management Group Inc. boosted its holdings in shares of Financial Select Sector SPDR Fund by 0.5% in the 4th quarter. Monetary Management Group Inc. now owns 36,750 shares of the exchange traded fund’s stock valued at $1,776,000 after purchasing an additional 200 shares during the last quarter. Allegheny Financial Group boosted its holdings in shares of Financial Select Sector SPDR Fund by 4.2% in the 4th quarter. Allegheny Financial Group now owns 5,018 shares of the exchange traded fund’s stock valued at $243,000 after purchasing an additional 200 shares during the last quarter. MGB Wealth Management LLC grew its stake in shares of Financial Select Sector SPDR Fund by 2.1% during the 4th quarter. MGB Wealth Management LLC now owns 9,980 shares of the exchange traded fund’s stock valued at $482,000 after buying an additional 203 shares during the period. Finally, Maiden Cove Capital LLC increased its holdings in shares of Financial Select Sector SPDR Fund by 1.0% during the 4th quarter. Maiden Cove Capital LLC now owns 20,423 shares of the exchange traded fund’s stock worth $987,000 after buying an additional 206 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.