Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Sets New 12-Month High – What’s Next?

Shares of Health Care Select Sector SPDR Fund (NYSEARCA:XLV) reached a new 52-week high during trading on Tuesday . The company traded as high as $150.56 and last traded at $150.1550, with a volume of 7749304 shares traded. The stock had previously closed at $147.28.

Health Care Select Sector SPDR Fund Stock Performance

The business’s 50 day moving average price is $141.44 and its two-hundred day moving average price is $136.81. The company has a market capitalization of $38.13 billion, a price-to-earnings ratio of 21.15 and a beta of 0.63.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. RWA Wealth Partners LLC lifted its holdings in Health Care Select Sector SPDR Fund by 2.4% in the 3rd quarter. RWA Wealth Partners LLC now owns 8,401 shares of the exchange traded fund’s stock valued at $1,169,000 after acquiring an additional 199 shares during the last quarter. Bradley Foster & Sargent Inc. CT grew its stake in shares of Health Care Select Sector SPDR Fund by 22.4% in the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 3,975 shares of the exchange traded fund’s stock worth $553,000 after purchasing an additional 727 shares during the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of Health Care Select Sector SPDR Fund by 1.4% in the 3rd quarter. JFS Wealth Advisors LLC now owns 19,204 shares of the exchange traded fund’s stock worth $2,673,000 after purchasing an additional 261 shares in the last quarter. M3 Advisory Group LLC lifted its stake in Health Care Select Sector SPDR Fund by 1.6% during the third quarter. M3 Advisory Group LLC now owns 11,873 shares of the exchange traded fund’s stock valued at $1,652,000 after purchasing an additional 191 shares during the last quarter. Finally, Miller Investment Management LP lifted its stake in Health Care Select Sector SPDR Fund by 11.6% during the third quarter. Miller Investment Management LP now owns 154,305 shares of the exchange traded fund’s stock valued at $21,475,000 after purchasing an additional 16,089 shares during the last quarter.

About Health Care Select Sector SPDR Fund

Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500).