Financial Select Sector SPDR Fund (NYSEARCA:XLF) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Financial Select Sector SPDR Fund (NYSEARCA:XLF) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $46.12 and traded as high as $47.68. Financial Select Sector SPDR Fund shares last traded at $47.66, with a volume of 35,992,947 shares changing hands.

Financial Select Sector SPDR Fund Stock Up 2.5 %

The company has a fifty day simple moving average of $49.38 and a 200-day simple moving average of $46.17. The firm has a market cap of $46.13 billion, a P/E ratio of 18.32 and a beta of 0.83.

Hedge Funds Weigh In On Financial Select Sector SPDR Fund

A number of hedge funds have recently modified their holdings of the company. Canada Pension Plan Investment Board grew its holdings in Financial Select Sector SPDR Fund by 266.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 11,000,000 shares of the exchange traded fund’s stock valued at $452,210,000 after buying an additional 8,000,000 shares in the last quarter. Raymond James & Associates boosted its position in shares of Financial Select Sector SPDR Fund by 29.7% during the third quarter. Raymond James & Associates now owns 10,603,914 shares of the exchange traded fund’s stock worth $480,569,000 after acquiring an additional 2,430,124 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in Financial Select Sector SPDR Fund by 6.6% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 10,328,231 shares of the exchange traded fund’s stock valued at $468,075,000 after acquiring an additional 640,070 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Financial Select Sector SPDR Fund by 44.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 7,624,892 shares of the exchange traded fund’s stock valued at $345,560,000 after acquiring an additional 2,328,824 shares during the last quarter. Finally, WestEnd Advisors LLC increased its holdings in Financial Select Sector SPDR Fund by 49.8% in the 3rd quarter. WestEnd Advisors LLC now owns 6,478,315 shares of the exchange traded fund’s stock valued at $293,597,000 after acquiring an additional 2,153,402 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.