Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Reaches New 12-Month High – Here’s Why

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as $184.85 and last traded at $183.9120, with a volume of 2,091,190 shares trading hands. The stock had previously closed at $179.72.

Health Care Select Sector SPDR Fund Trading Up 2.1%

The stock’s fifty day simple moving average is $171.80 and its 200 day simple moving average is $158.52. The company has a market cap of $47.82 billion, a price-to-earnings ratio of 21.15 and a beta of 0.55.

Institutional Investors Weigh In On Health Care Select Sector SPDR Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Crumly & Associates Inc. raised its stake in Health Care Select Sector SPDR Fund by 0.7% in the 3rd quarter. Crumly & Associates Inc. now owns 8,801 shares of the exchange traded fund’s stock valued at $1,482,000 after purchasing an additional 60 shares during the last quarter. Whitener Capital Management Inc. lifted its holdings in Health Care Select Sector SPDR Fund by 2.0% in the 3rd quarter. Whitener Capital Management Inc. now owns 3,127 shares of the exchange traded fund’s stock valued at $527,000 after purchasing an additional 60 shares in the last quarter. LexAurum Advisors LLC boosted its stake in shares of Health Care Select Sector SPDR Fund by 2.1% during the 3rd quarter. LexAurum Advisors LLC now owns 2,967 shares of the exchange traded fund’s stock worth $500,000 after purchasing an additional 61 shares during the last quarter. Financial Perspectives Inc boosted its stake in shares of Health Care Select Sector SPDR Fund by 15.6% during the 2nd quarter. Financial Perspectives Inc now owns 466 shares of the exchange traded fund’s stock worth $74,000 after purchasing an additional 63 shares during the last quarter. Finally, one8zero8 LLC boosted its stake in shares of Health Care Select Sector SPDR Fund by 22.7% during the 2nd quarter. one8zero8 LLC now owns 340 shares of the exchange traded fund’s stock worth $54,000 after purchasing an additional 63 shares during 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.