Financial Select Sector SPDR Fund (NYSEARCA:XLF) Hits New 12-Month High at $42.51

Financial Select Sector SPDR Fund (NYSEARCA:XLF) shares hit a new 52-week high during trading on Friday . The company traded as high as $42.51 and last traded at $42.51, with a volume of 17165373 shares. The stock had previously closed at $42.24.

Financial Select Sector SPDR Fund Stock Up 0.3 %

The company has a market capitalization of $39.49 billion, a price-to-earnings ratio of 18.32 and a beta of 0.83. The business has a fifty day simple moving average of $41.43 and a two-hundred day simple moving average of $40.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Adirondack Trust Co. grew its position in Financial Select Sector SPDR Fund by 1.8% during the 1st quarter. Adirondack Trust Co. now owns 14,386 shares of the exchange traded fund’s stock worth $606,000 after acquiring an additional 250 shares during the last quarter. Manchester Capital Management LLC grew its holdings in shares of Financial Select Sector SPDR Fund by 4.3% during the first quarter. Manchester Capital Management LLC now owns 6,100 shares of the exchange traded fund’s stock worth $257,000 after purchasing an additional 250 shares during the last quarter. KWB Wealth increased its stake in shares of Financial Select Sector SPDR Fund by 2.5% in the first quarter. KWB Wealth now owns 10,695 shares of the exchange traded fund’s stock valued at $450,000 after buying an additional 259 shares in the last quarter. Aurora Private Wealth Inc. lifted its position in Financial Select Sector SPDR Fund by 3.1% during the 1st quarter. Aurora Private Wealth Inc. now owns 8,998 shares of the exchange traded fund’s stock worth $377,000 after buying an additional 272 shares in the last quarter. Finally, Beacon Pointe Advisors LLC grew its holdings in Financial Select Sector SPDR Fund by 0.3% during the 4th quarter. Beacon Pointe Advisors LLC now owns 87,507 shares of the exchange traded fund’s stock worth $3,290,000 after acquiring an additional 284 shares during the last quarter.

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.