Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Sets New 1-Year High – Here’s What Happened

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) shares hit a new 52-week high on Thursday. The company traded as high as $184.85 and last traded at $183.9120, with a volume of 2,091,190 shares changing hands. The stock had previously closed at $179.72.

Health Care Select Sector SPDR Fund Stock Performance

The company’s 50-day moving average price is $172.22 and its 200-day moving average price is $158.79. The firm has a market capitalization of $48.19 billion, a PE ratio of 21.15 and a beta of 0.55.

Institutional Trading of Health Care Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE grew its stake in shares of Health Care Select Sector SPDR Fund by 11.7% in the first quarter. Bank of America Corp DE now owns 31,021,559 shares of the exchange traded fund’s stock valued at $4,548,071,000 after buying an additional 3,259,957 shares in the last quarter. HighTower Advisors LLC lifted its position in Health Care Select Sector SPDR Fund by 4.2% during the 2nd quarter. HighTower Advisors LLC now owns 548,802 shares of the exchange traded fund’s stock worth $87,073,000 after acquiring an additional 21,880 shares in the last quarter. Greenwood Gearhart LLC lifted its position in Health Care Select Sector SPDR Fund by 3.6% during the 2nd quarter. Greenwood Gearhart LLC now owns 479,226 shares of the exchange traded fund’s stock worth $76,034,000 after acquiring an additional 16,722 shares in the last quarter. Ayalon Insurance Comp Ltd. lifted its position in Health Care Select Sector SPDR Fund by 116.6% during the 3rd quarter. Ayalon Insurance Comp Ltd. now owns 441,909 shares of the exchange traded fund’s stock worth $74,426,000 after acquiring an additional 237,900 shares in the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management lifted its position in Health Care Select Sector SPDR Fund by 3.6% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 432,816 shares of the exchange traded fund’s stock worth $72,894,000 after acquiring an additional 15,013 shares in the last quarter.

About Health Care Select Sector SPDR Fund

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.