Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Sets New 1-Year High – Should You Buy?

Industrial Select Sector SPDR Fund (NYSEARCA:XLIGet Free Report)’s share price hit a new 52-week high on Thursday . The stock traded as high as $184.38 and last traded at $184.0660, with a volume of 735092 shares trading hands. The stock had previously closed at $180.21.

Industrial Select Sector SPDR Fund Price Performance

The firm has a market cap of $32.08 billion, a P/E ratio of 24.30 and a beta of 0.99. The stock’s 50 day moving average is $174.12 and its two-hundred day moving average is $168.40.

Institutional Investors Weigh In On Industrial Select Sector SPDR Fund

Several large investors have recently modified their holdings of the stock. Richards Merrill & Peterson Inc. acquired a new stake in Industrial Select Sector SPDR Fund in the 4th quarter valued at $25,000. Ankerstar Wealth LLC bought a new stake in Industrial Select Sector SPDR Fund in the fourth quarter valued at $25,000. Main Street Group LTD acquired a new position in Industrial Select Sector SPDR Fund during the first quarter worth $28,000. Financial Network Wealth Advisors LLC raised its stake in Industrial Select Sector SPDR Fund by 148.1% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 117 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new position in shares of Industrial Select Sector SPDR Fund during the fourth quarter valued at $31,000.

Industrial Select Sector SPDR Fund Company Profile

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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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