Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Hits New 12-Month High – Time to Buy?

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) hit a new 52-week high during trading on Friday . The stock traded as high as $155.17 and last traded at $154.84, with a volume of 3007271 shares. The stock had previously closed at $154.20.

Industrial Select Sector SPDR Fund Price Performance

The business’s fifty day moving average price is $151.95 and its 200 day moving average price is $143.27. The stock has a market cap of $23.88 billion, a P/E ratio of 24.30 and a beta of 1.11.

Institutional Trading of Industrial Select Sector SPDR Fund

Hedge funds have recently added to or reduced their stakes in the stock. Bogart Wealth LLC increased its holdings in shares of Industrial Select Sector SPDR Fund by 113.6% during the first quarter. Bogart Wealth LLC now owns 188 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 100 shares in the last quarter. Maseco LLP bought a new stake in Industrial Select Sector SPDR Fund during the 2nd quarter worth $33,000. Cypress Capital Management LLC WY acquired a new position in Industrial Select Sector SPDR Fund in the 1st quarter worth about $31,000. RMG Wealth Management LLC acquired a new position in Industrial Select Sector SPDR Fund in the 2nd quarter worth about $37,000. Finally, AlphaCore Capital LLC bought a new position in Industrial Select Sector SPDR Fund in the first quarter valued at about $35,000.

About Industrial Select Sector SPDR Fund

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.