Industrial Select Sector SPDR Fund (NYSEARCA:XLI – Get Free Report) passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $174.98 and traded as low as $167.23. Industrial Select Sector SPDR Fund shares last traded at $167.84, with a volume of 8,172,763 shares changing hands.
Industrial Select Sector SPDR Fund Trading Up 0.5%
The stock has a market capitalization of $30.80 billion, a price-to-earnings ratio of 24.30 and a beta of 0.98. The company’s 50 day moving average is $175.84 and its 200 day moving average is $175.03.
Hedge Funds Weigh In On Industrial Select Sector SPDR Fund
Hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its stake 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 worth $1,993,575,000 after purchasing an additional 491,019 shares during the period. Wells Fargo & Company MN lifted its holdings in Industrial Select Sector SPDR Fund by 31.6% in the 4th quarter. Wells Fargo & Company MN now owns 6,607,181 shares of the exchange traded fund’s stock worth $1,024,906,000 after buying an additional 1,585,209 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in Industrial Select Sector SPDR Fund by 3,790.3% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,931,874 shares of the exchange traded fund’s stock valued at $474,164,000 after buying an additional 2,856,510 shares during the last quarter. Meitav Investment House Ltd. grew its stake in shares of Industrial Select Sector SPDR Fund by 85.2% during the first quarter. Meitav Investment House Ltd. now owns 1,330,667 shares of the exchange traded fund’s stock valued at $215,209,000 after acquiring an additional 612,118 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Industrial Select Sector SPDR Fund by 44.8% in the second quarter. State Street Corp now owns 1,099,118 shares of the exchange traded fund’s stock worth $203,590,000 after acquiring an additional 339,904 shares in the last quarter.
Industrial Select Sector SPDR Fund Company Profile
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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