Financial Select Sector SPDR Fund (NYSEARCA:XLF) Share Price Passes Above 200-Day Moving Average of $27.06

Financial Select Sector SPDR Fund (NYSEARCA:XLF)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.06 and traded as high as $28.59. Financial Select Sector SPDR Fund shares last traded at $28.59, with a volume of 2,268,583 shares traded.

The business’s 50-day moving average price is $27.18 and its 200-day moving average price is $27.06.

Institutional investors have recently modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in Financial Select Sector SPDR Fund by 54.1% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,156 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 406 shares in the last quarter. Financial Gravity Wealth Inc. boosted its stake in Financial Select Sector SPDR Fund by 614.2% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 1,207 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 1,038 shares in the last quarter. Community Bank N.A. boosted its stake in Financial Select Sector SPDR Fund by 133.3% in the 2nd quarter. Community Bank N.A. now owns 1,400 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 800 shares in the last quarter. Ellevest Inc. acquired a new stake in Financial Select Sector SPDR Fund in the 2nd quarter worth approximately $40,000. Finally, Phocas Financial Corp. acquired a new stake in Financial Select Sector SPDR Fund in the 2nd quarter worth approximately $44,000.

About Financial Select Sector SPDR Fund (NYSEARCA:XLF)

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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