Financial Select Sector SPDR Fund (NYSEARCA:XLF) Shares Cross Above 200 Day Moving Average of $36.65

Financial Select Sector SPDR Fund (NYSEARCA:XLF)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $36.65 and traded as high as $41.90. Financial Select Sector SPDR Fund shares last traded at $41.90, with a volume of 36,666,446 shares trading hands.

Financial Select Sector SPDR Fund Price Performance

The stock has a 50-day moving average price of $39.74 and a 200 day moving average price of $36.65. The firm has a market cap of $42.73 billion, a price-to-earnings ratio of 12.16 and a beta of 1.07.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

A number of institutional investors have recently added to or reduced their stakes in XLF. Barclays PLC raised its position in shares of Financial Select Sector SPDR Fund by 312.0% during the 2nd quarter. Barclays PLC now owns 48,377,848 shares of the exchange traded fund’s stock worth $1,630,816,000 after purchasing an additional 36,635,403 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of Financial Select Sector SPDR Fund by 103,286.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 27,413,041 shares of the exchange traded fund’s stock worth $937,526,000 after purchasing an additional 27,386,526 shares during the last quarter. Phoenix Holdings Ltd. raised its position in shares of Financial Select Sector SPDR Fund by 466.5% during the 3rd quarter. Phoenix Holdings Ltd. now owns 13,759,897 shares of the exchange traded fund’s stock worth $456,416,000 after purchasing an additional 11,331,105 shares during the last quarter. Bank of Nova Scotia raised its position in shares of Financial Select Sector SPDR Fund by 262.6% during the 3rd quarter. Bank of Nova Scotia now owns 15,244,756 shares of the exchange traded fund’s stock worth $506,909,000 after purchasing an additional 11,040,358 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Financial Select Sector SPDR Fund during the 4th quarter worth approximately $300,800,000.

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.