Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Sets New 12-Month High – What’s Next?

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) shares reached a new 52-week high on Monday . The company traded as high as $186.25 and last traded at $186.1950, with a volume of 957128 shares traded. The stock had previously closed at $183.91.

Industrial Select Sector SPDR Fund Price Performance

The stock’s 50-day moving average price is $175.71 and its 200-day moving average price is $169.77. The company has a market cap of $33.88 billion, a P/E ratio of 24.30 and a beta of 0.98.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in shares of Industrial Select Sector SPDR Fund by 4.1% in the first quarter. Bank of America Corp DE now owns 12,326,564 shares of the exchange traded fund’s stock valued at $1,993,575,000 after buying an additional 491,019 shares during the period. Morgan Stanley raised its holdings in Industrial Select Sector SPDR Fund by 9.2% in the 4th quarter. Morgan Stanley now owns 9,884,699 shares of the exchange traded fund’s stock valued at $1,533,315,000 after acquiring an additional 835,625 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Industrial Select Sector SPDR Fund by 31.6% during the 4th quarter. Wells Fargo & Company MN now owns 6,607,181 shares of the exchange traded fund’s stock valued at $1,024,906,000 after acquiring an additional 1,585,209 shares during the period. LPL Financial LLC grew its holdings in shares of Industrial Select Sector SPDR Fund by 2.4% during the 4th quarter. LPL Financial LLC now owns 4,914,079 shares of the exchange traded fund’s stock worth $762,272,000 after purchasing an additional 114,153 shares in the last quarter. Finally, Phoenix Financial Ltd. increased its position in shares of Industrial Select Sector SPDR Fund by 159.8% in the fourth quarter. Phoenix Financial Ltd. now owns 3,950,353 shares of the exchange traded fund’s stock worth $612,778,000 after purchasing an additional 2,430,047 shares during the period.

About Industrial Select Sector SPDR Fund

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.