Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Reaches New 12-Month High – Still a Buy?

Shares of Health Care Select Sector SPDR Fund (NYSEARCA:XLVGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $169.27 and last traded at $168.7310, with a volume of 589372 shares. The stock had previously closed at $168.44.

Health Care Select Sector SPDR Fund Trading Down 0.3%

The firm has a 50-day moving average of $158.52 and a 200 day moving average of $153.35. The stock has a market capitalization of $43.27 billion, a price-to-earnings ratio of 21.15 and a beta of 0.56.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vise Technologies Inc. grew its position in Health Care Select Sector SPDR Fund by 372.0% in the 2nd quarter. Vise Technologies Inc. now owns 37,150 shares of the exchange traded fund’s stock valued at $5,894,000 after buying an additional 29,280 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Health Care Select Sector SPDR Fund by 115.7% during the 2nd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 44,115 shares of the exchange traded fund’s stock valued at $7,000,000 after buying an additional 23,665 shares during the period. MSH Capital Advisors LLC raised its position in shares of Health Care Select Sector SPDR Fund by 40.5% during the 2nd quarter. MSH Capital Advisors LLC now owns 25,780 shares of the exchange traded fund’s stock worth $4,090,000 after buying an additional 7,434 shares in the last quarter. Strategic Advisory Partners LLC raised its position in shares of Health Care Select Sector SPDR Fund by 7.1% during the 2nd quarter. Strategic Advisory Partners LLC now owns 63,412 shares of the exchange traded fund’s stock worth $10,061,000 after buying an additional 4,218 shares in the last quarter. Finally, Toews Corp ADV acquired a new stake in shares of Health Care Select Sector SPDR Fund in the 2nd quarter worth approximately $1,364,000.

About Health Care Select Sector SPDR Fund

(Get Free Report)

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). The Health Care Select Sector Index includes companies from the industries, such as pharmaceuticals, healthcare providers and services, healthcare equipment and supplies, biotechnology, life sciences tools and services, and healthcare technology.

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