Financial Select Sector SPDR Fund (NYSEARCA:XLF – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday. The stock traded as high as $58.80 and last traded at $58.6350, with a volume of 18,882,177 shares changing hands. The stock had previously closed at $57.19.
Financial Select Sector SPDR Fund Stock Performance
The company has a 50-day simple moving average of $55.93 and a 200-day simple moving average of $53.78. The stock has a market cap of $54.94 billion, a P/E ratio of 18.25 and a beta of 0.85.
Institutional Trading of Financial Select Sector SPDR Fund
Several hedge funds have recently modified their holdings of XLF. Vestor Capital LLC raised its position in shares of Financial Select Sector SPDR Fund by 831.7% in the 3rd quarter. Vestor Capital LLC now owns 80,658 shares of the exchange traded fund’s stock valued at $4,307,000 after buying an additional 72,001 shares in the last quarter. Karnit Road Accident Victims Compensation Fund acquired a new position in Financial Select Sector SPDR Fund during the third quarter valued at approximately $309,000. Allspring Global Investments Holdings LLC raised its position in Financial Select Sector SPDR Fund by 2.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 132,315 shares of the exchange traded fund’s stock valued at $7,074,000 after purchasing an additional 3,758 shares in the last quarter. 5th Street Advisors LLC lifted its stake in Financial Select Sector SPDR Fund by 0.4% during the third quarter. 5th Street Advisors LLC now owns 144,184 shares of the exchange traded fund’s stock worth $7,699,000 after purchasing an additional 623 shares during the last quarter. Finally, Almanack Investment Partners LLC. bought a new stake in Financial Select Sector SPDR Fund during the third quarter worth $1,380,000. 72.51% of the stock is owned by institutional investors.
Financial Select Sector SPDR Fund Company Profile
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.
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