Financial Select Sector SPDR Fund (NYSEARCA:XLF) Sets New 1-Year High – Here’s Why

Financial Select Sector SPDR Fund (NYSEARCA:XLF) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $47.54 and last traded at $47.54, with a volume of 75804 shares. The stock had previously closed at $47.48.

Financial Select Sector SPDR Fund Stock Up 0.0 %

The company has a market cap of $44.39 billion, a PE ratio of 18.32 and a beta of 0.83. The business’s fifty day moving average is $45.04 and its 200-day moving average is $42.77.

Institutional Trading of Financial Select Sector SPDR Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. RFG Advisory LLC raised its stake in Financial Select Sector SPDR Fund by 106.1% during the 1st quarter. RFG Advisory LLC now owns 113,674 shares of the exchange traded fund’s stock valued at $4,788,000 after purchasing an additional 58,506 shares during the period. SignalPoint Asset Management LLC purchased a new position in shares of Financial Select Sector SPDR Fund in the first quarter worth $217,000. &PARTNERS bought a new position in shares of Financial Select Sector SPDR Fund during the first quarter worth $246,000. International Assets Investment Management LLC grew its stake in Financial Select Sector SPDR Fund by 13.4% during the first quarter. International Assets Investment Management LLC now owns 51,417 shares of the exchange traded fund’s stock valued at $2,154,000 after acquiring an additional 6,072 shares in the last quarter. Finally, Aua Capital Management LLC purchased a new stake in Financial Select Sector SPDR Fund in the 1st quarter worth $217,000.

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.