Financial Select Sector SPDR Fund (NYSEARCA:XLF) Sets New 1-Year High at $42.03

Shares of Financial Select Sector SPDR Fund (NYSEARCA:XLF) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $42.03 and last traded at $41.91, with a volume of 3050738 shares. The stock had previously closed at $41.89.

Financial Select Sector SPDR Fund Stock Up 0.5 %

The firm has a fifty day simple moving average of $39.93 and a 200-day simple moving average of $36.73. The company has a market cap of $42.96 billion, a PE ratio of 12.16 and a beta of 1.07.

Hedge Funds Weigh In On Financial Select Sector SPDR Fund

Several hedge funds have recently made changes to their positions in the company. Barclays PLC grew its holdings in shares of Financial Select Sector SPDR Fund by 312.0% during the second quarter. Barclays PLC now owns 48,377,848 shares of the exchange traded fund’s stock worth $1,630,816,000 after buying an additional 36,635,403 shares during the last quarter. Morgan Stanley grew its holdings in shares of Financial Select Sector SPDR Fund by 2.3% during the fourth quarter. Morgan Stanley now owns 35,174,647 shares of the exchange traded fund’s stock worth $1,202,973,000 after buying an additional 797,348 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in shares of Financial Select Sector SPDR Fund by 103,286.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 27,413,041 shares of the exchange traded fund’s stock worth $937,526,000 after buying an additional 27,386,526 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Financial Select Sector SPDR Fund by 39.4% during the fourth quarter. National Bank of Canada FI now owns 20,680,311 shares of the exchange traded fund’s stock worth $780,889,000 after buying an additional 5,848,028 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Financial Select Sector SPDR Fund by 42.0% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 19,374,000 shares of the exchange traded fund’s stock worth $653,098,000 after buying an additional 5,728,000 shares during the last quarter.

About Financial Select Sector SPDR Fund

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.