Financial Select Sector SPDR Fund (NYSEARCA:XLF) Sets New 52-Week High – What’s Next?

Financial Select Sector SPDR Fund (NYSEARCA:XLF)’s stock price reached a new 52-week high on Monday . The stock traded as high as $57.13 and last traded at $57.04, with a volume of 3396907 shares traded. The stock had previously closed at $56.31.

Financial Select Sector SPDR Fund Stock Up 1.0%

The stock’s 50 day moving average price is $53.77 and its 200-day moving average price is $52.49. The stock has a market capitalization of $56.69 billion, a PE ratio of 18.25 and a beta of 0.86.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

Several large investors have recently added to or reduced their stakes in the stock. Wexford Capital LP purchased a new position in shares of Financial Select Sector SPDR Fund during the third quarter worth approximately $29,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of Financial Select Sector SPDR Fund during the fourth quarter valued at approximately $35,000. EQ Wealth Advisors LLC purchased a new stake in shares of Financial Select Sector SPDR Fund in the fourth quarter valued at approximately $39,000. Richards Merrill & Peterson Inc. purchased a new stake in shares of Financial Select Sector SPDR Fund in the fourth quarter valued at approximately $40,000. Finally, BankChampaign National Association bought a new position in Financial Select Sector SPDR Fund in the first quarter worth approximately $41,000. 72.51% of the stock is owned by hedge funds and other institutional investors.

About Financial Select Sector SPDR Fund

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.