Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Hits New 1-Year High – Should You Buy?

Health Care Select Sector SPDR Fund (NYSEARCA:XLV)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $170.30 and last traded at $169.3650, with a volume of 1851195 shares traded. The stock had previously closed at $167.05.

Health Care Select Sector SPDR Fund Stock Up 3.5%

The stock has a market capitalization of $45.25 billion, a price-to-earnings ratio of 21.15 and a beta of 0.56. The business’s 50-day moving average is $161.03 and its two-hundred day moving average is $153.98.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in shares of Health Care Select Sector SPDR Fund by 11.7% during the 1st 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 acquiring an additional 3,259,957 shares during the last quarter. JPMorgan Chase & Co. increased its position in Health Care Select Sector SPDR Fund by 21.4% during the fourth quarter. JPMorgan Chase & Co. now owns 16,768,323 shares of the exchange traded fund’s stock worth $2,595,737,000 after purchasing an additional 2,957,648 shares during the last quarter. Rokos Capital Management LLP acquired a new stake in Health Care Select Sector SPDR Fund during the fourth quarter worth about $256,589,000. State Street Corp raised its stake in Health Care Select Sector SPDR Fund by 897.6% during the second quarter. State Street Corp now owns 1,325,623 shares of the exchange traded fund’s stock worth $178,681,000 after purchasing an additional 1,192,747 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in Health Care Select Sector SPDR Fund by 34.2% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,224,401 shares of the exchange traded fund’s stock worth $653,925,000 after purchasing an additional 1,076,023 shares during the period.

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.