Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Hits New 1-Year High – Here’s What Happened

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $159.41 and last traded at $160.0930, with a volume of 798720 shares. The stock had previously closed at $158.09.

Health Care Select Sector SPDR Fund Stock Down 1.0%

The company’s 50-day moving average is $153.39 and its 200 day moving average is $142.89. The company has a market cap of $40.73 billion, a price-to-earnings ratio of 21.15 and a beta of 0.63.

Hedge Funds Weigh In On Health Care Select Sector SPDR Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Brave Asset Management Inc. boosted its position in Health Care Select Sector SPDR Fund by 1.2% during the fourth quarter. Brave Asset Management Inc. now owns 86,137 shares of the exchange traded fund’s stock worth $13,334,000 after purchasing an additional 981 shares in the last quarter. Spartan Planning & Wealth Management acquired a new position in shares of Health Care Select Sector SPDR Fund during the 4th quarter worth approximately $283,000. Elmwood Wealth Management Inc. purchased a new position in shares of Health Care Select Sector SPDR Fund during the 4th quarter valued at approximately $601,000. Agate Pass Investment Management LLC lifted its position in shares of Health Care Select Sector SPDR Fund by 1.4% during the 4th quarter. Agate Pass Investment Management LLC now owns 5,495 shares of the exchange traded fund’s stock valued at $851,000 after buying an additional 75 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Health Care Select Sector SPDR Fund by 6.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 166,161 shares of the exchange traded fund’s stock valued at $26,273,000 after acquiring an additional 9,842 shares during the period.

Health Care Select Sector SPDR Fund Company Profile

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.