Industrial Select Sector SPDR Fund (NYSEARCA:XLI – Get Free Report)’s stock price reached a new 52-week high on Monday . The stock traded as high as $179.98 and last traded at $179.3580, with a volume of 852199 shares changing hands. The stock had previously closed at $176.18.
Industrial Select Sector SPDR Fund Stock Up 1.8%
The firm has a market cap of $31.04 billion, a P/E ratio of 24.30 and a beta of 0.99. The firm’s fifty day moving average is $172.18 and its two-hundred day moving average is $166.88.
Hedge Funds Weigh In On Industrial Select Sector SPDR Fund
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in Industrial Select Sector SPDR Fund by 4.1% during the first quarter. Bank of America Corp DE now owns 12,326,564 shares of the exchange traded fund’s stock valued at $1,993,575,000 after buying an additional 491,019 shares during the period. JPMorgan Chase & Co. lifted its position in Industrial Select Sector SPDR Fund by 3.5% during the third quarter. JPMorgan Chase & Co. now owns 10,458,001 shares of the exchange traded fund’s stock valued at $1,612,938,000 after buying an additional 354,496 shares during the period. Morgan Stanley lifted its position in Industrial Select Sector SPDR Fund by 9.2% during the fourth quarter. Morgan Stanley now owns 9,884,699 shares of the exchange traded fund’s stock valued at $1,533,315,000 after buying an additional 835,625 shares during the period. Wells Fargo & Company MN lifted its position in Industrial Select Sector SPDR Fund by 31.6% during the fourth quarter. Wells Fargo & Company MN now owns 6,607,181 shares of the exchange traded fund’s stock valued at $1,024,906,000 after buying an additional 1,585,209 shares during the period. Finally, LPL Financial LLC lifted its position in Industrial Select Sector SPDR Fund by 2.4% during the fourth quarter. LPL Financial LLC now owns 4,914,079 shares of the exchange traded fund’s stock valued at $762,272,000 after buying an additional 114,153 shares during the period.
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.
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