Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Hits New 1-Year High – Here’s What Happened

Health Care Select Sector SPDR Fund (NYSEARCA:XLV)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $167.99 and last traded at $167.7220, with a volume of 1549108 shares trading hands. The stock had previously closed at $163.40.

Health Care Select Sector SPDR Fund Stock Performance

The business’s 50 day moving average is $155.34 and its 200-day moving average is $152.82. The stock has a market cap of $43.83 billion, a price-to-earnings ratio of 21.15 and a beta of 0.56.

Institutional Trading of Health Care Select Sector SPDR Fund

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in Health Care Select Sector SPDR Fund by 11.7% in the 1st quarter. Bank of America Corp DE now owns 31,021,559 shares of the exchange traded fund’s stock valued at $4,548,071,000 after buying an additional 3,259,957 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Health Care Select Sector SPDR Fund by 21.4% during the fourth quarter. JPMorgan Chase & Co. now owns 16,768,323 shares of the exchange traded fund’s stock valued at $2,595,737,000 after acquiring an additional 2,957,648 shares during the last quarter. Morgan Stanley raised its holdings in shares of Health Care Select Sector SPDR Fund by 8.4% during the fourth quarter. Morgan Stanley now owns 11,486,551 shares of the exchange traded fund’s stock valued at $1,778,118,000 after acquiring an additional 886,109 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Health Care Select Sector SPDR Fund by 1.7% in the fourth quarter. Raymond James Financial Inc. now owns 4,974,099 shares of the exchange traded fund’s stock valued at $769,991,000 after acquiring an additional 81,347 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Health Care Select Sector SPDR Fund by 34.2% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,224,401 shares of the exchange traded fund’s stock valued at $653,925,000 after acquiring an additional 1,076,023 shares in the last quarter.

About Health Care Select Sector SPDR Fund

Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500). The Health Care Select Sector Index includes companies from the industries, such as pharmaceuticals, healthcare providers and services, healthcare equipment and supplies, biotechnology, life sciences tools and services, and healthcare technology.