Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Reaches New 52-Week High – What’s Next?

Shares of Industrial Select Sector SPDR Fund (NYSEARCA:XLI) hit a new 52-week high during trading on Monday . The company traded as high as $173.43 and last traded at $173.3970, with a volume of 2313356 shares. The stock had previously closed at $173.18.

Industrial Select Sector SPDR Fund Stock Performance

The firm has a market capitalization of $29.40 billion, a PE ratio of 24.30 and a beta of 1.07. The stock’s 50-day simple moving average is $160.34 and its 200-day simple moving average is $155.21.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Industrial Select Sector SPDR Fund by 3.5% during the third quarter. JPMorgan Chase & Co. now owns 10,458,001 shares of the exchange traded fund’s stock valued at $1,612,938,000 after purchasing an additional 354,496 shares in the last quarter. Phoenix Financial Ltd. raised its holdings in Industrial Select Sector SPDR Fund by 159.8% in the fourth quarter. Phoenix Financial Ltd. now owns 3,950,353 shares of the exchange traded fund’s stock worth $612,778,000 after purchasing an additional 2,430,047 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in Industrial Select Sector SPDR Fund by 18.4% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,609,306 shares of the exchange traded fund’s stock valued at $532,441,000 after buying an additional 560,540 shares during the period. Menora Mivtachim Holdings LTD. boosted its holdings in shares of Industrial Select Sector SPDR Fund by 51.5% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 3,528,840 shares of the exchange traded fund’s stock valued at $544,253,000 after buying an additional 1,200,000 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Industrial Select Sector SPDR Fund by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 3,119,968 shares of the exchange traded fund’s stock worth $483,970,000 after buying an additional 102,667 shares during the period.

Industrial Select Sector SPDR Fund Company Profile

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.