Financial Select Sector SPDR Fund (NYSEARCA:XLF) Reaches New 52-Week High – Still a Buy?

Financial Select Sector SPDR Fund (NYSEARCA:XLF) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $56.62 and last traded at $56.6430, with a volume of 5092817 shares traded. The stock had previously closed at $56.07.

Financial Select Sector SPDR Fund Stock Up 0.9%

The company has a 50-day moving average price of $52.89 and a 200-day moving average price of $52.44. The company has a market capitalization of $55.11 billion, a price-to-earnings ratio of 18.25 and a beta of 0.86.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Lewis Asset Management LLC grew its stake in shares of Financial Select Sector SPDR Fund by 2.9% in the fourth quarter. Lewis Asset Management LLC now owns 6,537 shares of the exchange traded fund’s stock worth $358,000 after acquiring an additional 186 shares during the last quarter. True Vision MN LLC raised its stake in Financial Select Sector SPDR Fund by 1.4% during the 4th quarter. True Vision MN LLC now owns 13,833 shares of the exchange traded fund’s stock valued at $758,000 after purchasing an additional 188 shares during the last quarter. Mather Group LLC. boosted its holdings in Financial Select Sector SPDR Fund by 3.8% in the 4th quarter. Mather Group LLC. now owns 5,109 shares of the exchange traded fund’s stock valued at $280,000 after purchasing an additional 188 shares during the period. Smallwood Wealth Investment Management LLC boosted its holdings in Financial Select Sector SPDR Fund by 20.8% in the 4th quarter. Smallwood Wealth Investment Management LLC now owns 1,097 shares of the exchange traded fund’s stock valued at $60,000 after purchasing an additional 189 shares during the period. Finally, Sloy Dahl & Holst LLC grew its position in Financial Select Sector SPDR Fund by 4.1% in the 4th quarter. Sloy Dahl & Holst LLC now owns 4,859 shares of the exchange traded fund’s stock worth $266,000 after purchasing an additional 190 shares during the last quarter. 72.51% of the stock is currently owned by institutional investors and hedge funds.

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.