Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Sets New 52-Week High – Should You Buy?

Health Care Select Sector SPDR Fund (NYSEARCA:XLV)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $169.27 and last traded at $168.7310, with a volume of 589372 shares traded. The stock had previously closed at $168.44.

Health Care Select Sector SPDR Fund Stock Performance

The stock has a fifty day moving average of $159.37 and a 200 day moving average of $153.49. The company has a market capitalization of $43.39 billion, a PE ratio of 21.15 and a beta of 0.56.

Institutional Investors Weigh In On Health Care Select Sector SPDR Fund

Several institutional investors and hedge funds have recently modified their holdings of XLV. Twin Tree Management LP boosted its position in shares of Health Care Select Sector SPDR Fund by 37,945.2% during the second quarter. Twin Tree Management LP now owns 11,794 shares of the exchange traded fund’s stock worth $1,871,000 after acquiring an additional 11,763 shares during the last quarter. LM Advisors LLC grew its stake in Health Care Select Sector SPDR Fund by 528.5% during the second quarter. LM Advisors LLC now owns 22,350 shares of the exchange traded fund’s stock valued at $3,555,000 after acquiring an additional 18,794 shares in the last quarter. Kirtland Hills Capital Management LLC increased its holdings in Health Care Select Sector SPDR Fund by 9.3% in the 2nd quarter. Kirtland Hills Capital Management LLC now owns 1,605 shares of the exchange traded fund’s stock valued at $255,000 after acquiring an additional 136 shares during the last quarter. Compass Financial Management LLC bought a new stake in Health Care Select Sector SPDR Fund in the 2nd quarter valued at $866,000. Finally, Elevation Point Wealth Partners LLC lifted its stake in Health Care Select Sector SPDR Fund by 2.3% in the 2nd quarter. Elevation Point Wealth Partners LLC now owns 33,804 shares of the exchange traded fund’s stock worth $5,363,000 after purchasing an additional 748 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.