Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Reaches New 1-Year High – Here’s Why

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) reached a new 52-week high during trading on Monday . The company traded as high as $162.78 and last traded at $162.4740, with a volume of 1031378 shares trading hands. The stock had previously closed at $161.93.

Industrial Select Sector SPDR Fund Price Performance

The firm’s fifty day moving average is $155.13 and its two-hundred day moving average is $153.14. The firm has a market capitalization of $27.96 billion, a PE ratio of 24.30 and a beta of 1.07.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of XLI. American Financial Advisors LLC grew its holdings in Industrial Select Sector SPDR Fund by 6.0% in the second quarter. American Financial Advisors LLC now owns 3,720 shares of the exchange traded fund’s stock worth $549,000 after purchasing an additional 212 shares during the period. Financial Management Network Inc. lifted its holdings in shares of Industrial Select Sector SPDR Fund by 11.0% during the second quarter. Financial Management Network Inc. now owns 2,358 shares of the exchange traded fund’s stock valued at $352,000 after purchasing an additional 234 shares during the last quarter. Pines Wealth Management LLC bought a new stake in shares of Industrial Select Sector SPDR Fund in the 2nd quarter worth approximately $204,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Industrial Select Sector SPDR Fund by 39.9% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 638 shares of the exchange traded fund’s stock worth $94,000 after purchasing an additional 182 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Industrial Select Sector SPDR Fund by 1.3% in the 2nd quarter. Parallel Advisors LLC now owns 12,124 shares of the exchange traded fund’s stock worth $1,788,000 after buying an additional 159 shares during the last quarter.

About Industrial Select Sector SPDR Fund

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.