Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Reaches New 52-Week High – What’s Next?

Shares of Health Care Select Sector SPDR Fund (NYSEARCA:XLV) reached a new 52-week high on Tuesday . The stock traded as high as $170.30 and last traded at $169.3650, with a volume of 1851195 shares trading hands. The stock had previously closed at $167.05.

Health Care Select Sector SPDR Fund Stock Up 1.8%

The company has a market cap of $43.78 billion, a P/E ratio of 21.15 and a beta of 0.56. The business’s 50 day moving average is $160.27 and its 200 day moving average is $153.71.

Institutional Investors Weigh In On Health Care Select Sector SPDR Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Axiom Investment Management LLC purchased a new stake in Health Care Select Sector SPDR Fund in the first quarter valued at about $25,000. Nalls Sherbakoff Group LLC acquired a new stake in Health Care Select Sector SPDR Fund during the 4th quarter worth about $27,000. Financial Management Professionals Inc. acquired a new stake in Health Care Select Sector SPDR Fund during the fourth quarter worth about $29,000. Parvin Asset Management LLC grew its stake in shares of Health Care Select Sector SPDR Fund by 121.2% during the 1st quarter. Parvin Asset Management LLC now owns 200 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 1,143 shares during the period. Finally, AG Campbell Advisory LLC purchased a new position in Health Care Select Sector SPDR Fund in the fourth quarter valued at $32,000.

Health Care Select Sector SPDR Fund Company Profile

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.