Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Sets New 52-Week High – Here’s Why

Health Care Select Sector SPDR Fund (NYSEARCA:XLV)’s share price hit a new 52-week high on Friday . The company traded as high as $155.62 and last traded at $155.6570, with a volume of 13360551 shares changing hands. The stock had previously closed at $151.42.

Health Care Select Sector SPDR Fund Stock Performance

The company has a market capitalization of $39.33 billion, a price-to-earnings ratio of 21.15 and a beta of 0.63. The firm’s 50-day simple moving average is $143.69 and its 200-day simple moving average is $137.58.

Institutional Investors Weigh In On Health Care Select Sector SPDR Fund

Institutional investors have recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC raised its stake in Health Care Select Sector SPDR Fund by 559,865.8% during the second quarter. Kingstone Capital Partners Texas LLC now owns 71,166,053 shares of the exchange traded fund’s stock worth $9,870,296,000 after acquiring an additional 71,153,344 shares in the last quarter. Focus Partners Wealth raised its position in shares of Health Care Select Sector SPDR Fund by 191.2% during the third quarter. Focus Partners Wealth now owns 2,739,901 shares of the exchange traded fund’s stock worth $381,315,000 after acquiring an additional 1,799,103 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Health Care Select Sector SPDR Fund by 16.0% during the 1st quarter. JPMorgan Chase & Co. now owns 12,681,479 shares of the exchange traded fund’s stock valued at $1,851,643,000 after purchasing an additional 1,750,223 shares during the period. State Street Corp boosted its stake in Health Care Select Sector SPDR Fund by 897.6% in the second quarter. State Street Corp now owns 1,325,623 shares of the exchange traded fund’s stock valued at $178,681,000 after acquiring an additional 1,192,747 shares during the last quarter. Finally, Voya Investment Management LLC bought a new position in shares of Health Care Select Sector SPDR Fund in the 1st quarter worth $173,281,000.

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).