Financial Select Sector SPDR Fund (NYSEARCA:XLF – Get Free Report)’s share price hit a new 52-week high on Thursday . The stock traded as high as $58.52 and last traded at $58.34, with a volume of 3260162 shares changing hands. The stock had previously closed at $57.66.
Financial Select Sector SPDR Fund Stock Performance
The stock has a market cap of $58.86 billion, a price-to-earnings ratio of 18.25 and a beta of 0.85. The company’s 50 day simple moving average is $56.71 and its 200 day simple moving average is $53.22.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in XLF. Continuum Advisory LLC raised its holdings in Financial Select Sector SPDR Fund by 1.9% during the second quarter. Continuum Advisory LLC now owns 9,940 shares of the exchange traded fund’s stock worth $533,000 after purchasing an additional 183 shares in the last quarter. Sloy Dahl & Holst LLC boosted its stake in Financial Select Sector SPDR Fund by 4.1% during the 4th quarter. Sloy Dahl & Holst LLC now owns 4,859 shares of the exchange traded fund’s stock valued at $266,000 after purchasing an additional 190 shares in the last quarter. Beacon Financial Advisory LLC increased its position in shares of Financial Select Sector SPDR Fund by 1.1% during the 4th quarter. Beacon Financial Advisory LLC now owns 17,747 shares of the exchange traded fund’s stock valued at $972,000 after purchasing an additional 200 shares during the period. Monetary Management Group Inc. boosted its stake in shares of Financial Select Sector SPDR Fund by 0.6% during the 2nd quarter. Monetary Management Group Inc. now owns 35,425 shares of the exchange traded fund’s stock worth $1,855,000 after acquiring an additional 200 shares in the last quarter. Finally, Carson Advisory Inc. lifted its stake in Financial Select Sector SPDR Fund by 5.4% during the fourth quarter. Carson Advisory Inc. now owns 3,922 shares of the exchange traded fund’s stock valued at $215,000 after buying an additional 201 shares in the last quarter. Institutional investors and hedge funds own 72.51% of the company’s stock.
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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