Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Reaches New 1-Year High – Time to Buy?

Health Care Select Sector SPDR Fund (NYSEARCA:XLV)’s share price reached a new 52-week high on Wednesday. The stock traded as high as $188.01 and last traded at $186.7550, with a volume of 2,124,462 shares changing hands. The stock had previously closed at $184.02.

Health Care Select Sector SPDR Fund Stock Performance

The company has a market cap of $49.39 billion, a P/E ratio of 21.15 and a beta of 0.52. The stock has a 50-day moving average of $172.60 and a two-hundred day moving average of $159.06.

Institutional Trading of Health Care Select Sector SPDR Fund

Several hedge funds have recently added to or reduced their stakes in the business. GreatBanc Trust CO purchased a new position in Health Care Select Sector SPDR Fund in the 3rd quarter worth about $202,000. Almanack Investment Partners LLC. increased its holdings in Health Care Select Sector SPDR Fund by 897.6% during the third quarter. Almanack Investment Partners LLC. now owns 13,946 shares of the exchange traded fund’s stock valued at $2,349,000 after buying an additional 12,548 shares during the last quarter. Edgemoor Investment Advisors Inc. bought a new position in Health Care Select Sector SPDR Fund in the 3rd quarter worth $135,000. IronBridge Private Wealth LLC bought a new position in shares of Health Care Select Sector SPDR Fund in the third quarter worth about $5,247,000. Finally, M Holdings Securities Inc. purchased a new position in Health Care Select Sector SPDR Fund during the third quarter valued at approximately $696,000.

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.