Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Hits New 12-Month High – Should You Buy?

Shares of Health Care Select Sector SPDR Fund (NYSEARCA:XLV) reached a new 52-week high during mid-day trading on Thursday. The company traded as high as $178.00 and last traded at $178.2570, with a volume of 1,074,641 shares changing hands. The stock had previously closed at $173.96.

Health Care Select Sector SPDR Fund Price Performance

The stock has a market cap of $46.22 billion, a PE ratio of 21.15 and a beta of 0.55. The stock has a 50-day simple moving average of $169.64 and a 200-day simple moving average of $158.52.

Hedge Funds Weigh In On Health Care Select Sector SPDR Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Strive Financial Group LLC lifted its position in Health Care Select Sector SPDR Fund by 170.7% during the second quarter. Strive Financial Group LLC now owns 157 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 99 shares in the last quarter. Axiom Investment Management LLC acquired a new stake in shares of Health Care Select Sector SPDR Fund in the first quarter worth $25,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Health Care Select Sector SPDR Fund in the fourth quarter worth $27,000. Orion Capital Management LLC increased its position in shares of Health Care Select Sector SPDR Fund by 397.2% in the second quarter. Orion Capital Management LLC now owns 179 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 143 shares in the last quarter. Finally, Parvin Asset Management LLC increased its position in shares of Health Care Select Sector SPDR Fund by 121.2% in the first quarter. Parvin Asset Management LLC now owns 200 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 1,143 shares in the last quarter.

Health Care Select Sector SPDR Fund Company Profile

Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500). The Health Care Select Sector Index includes companies from the industries, such as pharmaceuticals, healthcare providers and services, healthcare equipment and supplies, biotechnology, life sciences tools and services, and healthcare technology.