Financial Select Sector SPDR Fund (NYSEARCA:XLF – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $52.70 and traded as high as $55.02. Financial Select Sector SPDR Fund shares last traded at $54.54, with a volume of 34,732,221 shares trading hands.
Financial Select Sector SPDR Fund Trading Up 0.6%
The firm has a 50 day simple moving average of $52.98 and a two-hundred day simple moving average of $52.73. The company has a market capitalization of $55.26 billion, a PE ratio of 18.25 and a beta of 0.99.
Institutional Trading of Financial Select Sector SPDR Fund
A number of institutional investors have recently modified their holdings of the business. Wexford Capital LP purchased a new position in shares of Financial Select Sector SPDR Fund in the 3rd quarter valued at about $29,000. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Financial Select Sector SPDR Fund during the 3rd quarter valued at approximately $29,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Financial Select Sector SPDR Fund during the 3rd quarter worth approximately $29,000. Smartleaf Asset Management LLC boosted its stake in shares of Financial Select Sector SPDR Fund by 193.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 674 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 444 shares in the last quarter. Finally, BankPlus Trust Department grew its holdings in shares of Financial Select Sector SPDR Fund by 722.9% in the 2nd quarter. BankPlus Trust Department now owns 683 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 600 shares during the period. 72.51% of the stock is currently owned by hedge funds and other institutional investors.
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.
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