Communication Services Select Sector SPDR Fund (NYSEARCA:XLC – Get Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $80.84, but opened at $76.64. Communication Services Select Sector SPDR Fund shares last traded at $77.64, with a volume of 3,942,525 shares traded.
Communication Services Select Sector SPDR Fund Stock Up 2.8 %
The business has a 50-day moving average price of $80.43 and a two-hundred day moving average price of $74.65. The firm has a market cap of $17.86 billion, a PE ratio of 30.32 and a beta of 1.20.
Hedge Funds Weigh In On Communication Services Select Sector SPDR Fund
Several hedge funds have recently made changes to their positions in XLC. Charles Schwab Investment Management Inc. boosted its stake in shares of Communication Services Select Sector SPDR Fund by 61.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,302,412 shares of the company’s stock worth $150,969,000 after buying an additional 874,800 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Communication Services Select Sector SPDR Fund by 12.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 6,192,015 shares of the company’s stock worth $449,912,000 after buying an additional 695,233 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Communication Services Select Sector SPDR Fund by 25.1% during the third quarter. Ameriprise Financial Inc. now owns 2,976,181 shares of the company’s stock worth $195,017,000 after buying an additional 596,662 shares during the period. Annex Advisory Services LLC acquired a new stake in shares of Communication Services Select Sector SPDR Fund during the fourth quarter worth about $39,389,000. Finally, Donaldson Capital Management LLC acquired a new stake in shares of Communication Services Select Sector SPDR Fund during the first quarter worth about $40,479,000.
Communication Services Select Sector SPDR Fund Company Profile
The Communication Services Select Sector SPDR Fund (XLC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of US telecommunication and media & entertainment components of the S&P 500 index. XLC was launched on Jun 18, 2018 and is managed by State Street.
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