Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Sets New 1-Year High – Should You Buy?

Industrial Select Sector SPDR Fund (NYSEARCA:XLI)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $155.82 and last traded at $155.59, with a volume of 9685979 shares traded. The stock had previously closed at $154.25.

Industrial Select Sector SPDR Fund Trading Down 2.2%

The stock has a 50 day simple moving average of $152.09 and a 200 day simple moving average of $143.89. The firm has a market capitalization of $23.28 billion, a PE ratio of 24.30 and a beta of 1.11.

Hedge Funds Weigh In On Industrial Select Sector SPDR Fund

A number of hedge funds have recently modified their holdings of the company. Krilogy Financial LLC increased its holdings in Industrial Select Sector SPDR Fund by 13.7% during the 1st quarter. Krilogy Financial LLC now owns 106,297 shares of the exchange traded fund’s stock valued at $13,932,000 after purchasing an additional 12,804 shares during the period. Tritonpoint Wealth LLC increased its holdings in Industrial Select Sector SPDR Fund by 2.7% during the 1st quarter. Tritonpoint Wealth LLC now owns 72,570 shares of the exchange traded fund’s stock valued at $9,512,000 after purchasing an additional 1,882 shares during the period. Opal Wealth Advisors LLC increased its holdings in Industrial Select Sector SPDR Fund by 2.1% during the 1st quarter. Opal Wealth Advisors LLC now owns 58,136 shares of the exchange traded fund’s stock valued at $7,620,000 after purchasing an additional 1,220 shares during the period. Rye Brook Capital LLC increased its stake in shares of Industrial Select Sector SPDR Fund by 107.4% during the first quarter. Rye Brook Capital LLC now owns 36,500 shares of the exchange traded fund’s stock valued at $4,784,000 after buying an additional 18,900 shares during the period. Finally, NorthCrest Asset Manangement LLC increased its stake in shares of Industrial Select Sector SPDR Fund by 1,041.9% during the first quarter. NorthCrest Asset Manangement LLC now owns 27,006 shares of the exchange traded fund’s stock valued at $3,540,000 after buying an additional 24,641 shares during the period.

Industrial Select Sector SPDR Fund Company Profile

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.