Financial Select Sector SPDR Fund (NYSEARCA:XLF) Share Price Crosses Above Two Hundred Day Moving Average of $37.35

Financial Select Sector SPDR Fund (NYSEARCA:XLF)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $37.35 and traded as high as $40.74. Financial Select Sector SPDR Fund shares last traded at $39.86, with a volume of 71,344,885 shares changing hands.

Financial Select Sector SPDR Fund Stock Performance

The business’s 50 day moving average is $40.56 and its two-hundred day moving average is $37.35. The firm has a market capitalization of $36.87 billion, a PE ratio of 18.09 and a beta of 0.88.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Capital Investment Counsel Inc bought a new stake in Financial Select Sector SPDR Fund in the third quarter worth $25,000. Able Wealth Management LLC purchased a new position in shares of Financial Select Sector SPDR Fund during the fourth quarter valued at about $25,000. PCA Investment Advisory Services Inc. purchased a new position in shares of Financial Select Sector SPDR Fund during the second quarter valued at about $26,000. WestEnd Advisors LLC purchased a new position in shares of Financial Select Sector SPDR Fund during the third quarter valued at about $26,000. Finally, Authentikos Wealth Advisory LLC purchased a new stake in Financial Select Sector SPDR Fund in the third quarter worth about $27,000.

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.