Financial Select Sector SPDR Fund (NYSEARCA:XLF – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $43.18 and traded as high as $47.00. Financial Select Sector SPDR Fund shares last traded at $46.58, with a volume of 40,136,985 shares.
Financial Select Sector SPDR Fund Stock Performance
The firm has a market cap of $43.42 billion, a P/E ratio of 18.32 and a beta of 0.83. The firm has a fifty day moving average of $45.73 and a 200-day moving average of $43.18.
Institutional Trading of Financial Select Sector SPDR Fund
Several hedge funds have recently made changes to their positions in the stock. Riggs Asset Managment Co. Inc. raised its stake in Financial Select Sector SPDR Fund by 1.2% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 34,706 shares of the exchange traded fund’s stock valued at $1,462,000 after acquiring an additional 421 shares in the last quarter. Whittier Trust Co. raised its stake in Financial Select Sector SPDR Fund by 3.9% during the 1st quarter. Whittier Trust Co. now owns 27,091 shares of the exchange traded fund’s stock valued at $1,141,000 after acquiring an additional 1,015 shares in the last quarter. 9258 Wealth Management LLC bought a new stake in Financial Select Sector SPDR Fund during the 1st quarter valued at $613,000. Choreo LLC raised its stake in Financial Select Sector SPDR Fund by 49.1% during the 1st quarter. Choreo LLC now owns 8,257 shares of the exchange traded fund’s stock valued at $348,000 after acquiring an additional 2,719 shares in the last quarter. Finally, Wellington Shields & Co. LLC bought a new stake in Financial Select Sector SPDR Fund during the 1st quarter valued at $63,000.
Financial Select Sector SPDR Fund Company Profile
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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