Financial Select Sector SPDR Fund (NYSEARCA:XLF – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $42.90 and traded as high as $47.21. Financial Select Sector SPDR Fund shares last traded at $47.15, with a volume of 19,564,600 shares.
Financial Select Sector SPDR Fund Stock Up 0.1 %
The stock’s 50-day moving average price is $45.31 and its 200 day moving average price is $42.90. The firm has a market capitalization of $43.96 billion, a price-to-earnings ratio of 18.32 and a beta of 0.83.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. IMC Chicago LLC purchased a new stake in shares of Financial Select Sector SPDR Fund in the first quarter valued at about $573,000. Brookstone Capital Management boosted its holdings in Financial Select Sector SPDR Fund by 5.4% in the 1st quarter. Brookstone Capital Management now owns 29,867 shares of the exchange traded fund’s stock valued at $1,258,000 after purchasing an additional 1,542 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Financial Select Sector SPDR Fund in the 1st quarter valued at approximately $62,000. Procyon Advisors LLC increased its holdings in shares of Financial Select Sector SPDR Fund by 124.2% during the 1st quarter. Procyon Advisors LLC now owns 24,120 shares of the exchange traded fund’s stock worth $1,016,000 after buying an additional 13,362 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in shares of Financial Select Sector SPDR Fund during the 1st quarter valued at approximately $214,000.
About Financial Select Sector SPDR Fund
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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