Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Sets New 52-Week High – Here’s Why

Health Care Select Sector SPDR Fund (NYSEARCA:XLV)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $160.64 and last traded at $160.34, with a volume of 16402269 shares. The stock had previously closed at $155.63.

Health Care Select Sector SPDR Fund Stock Performance

The company’s fifty day moving average is $148.46 and its two-hundred day moving average is $151.80. The company has a market cap of $42.03 billion, a price-to-earnings ratio of 21.15 and a beta of 0.58.

Institutional Trading of Health Care Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in XLV. Bank of America Corp DE lifted its position in Health Care Select Sector SPDR Fund by 11.7% during the first quarter. Bank of America Corp DE now owns 31,021,559 shares of the exchange traded fund’s stock valued at $4,548,071,000 after purchasing an additional 3,259,957 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Health Care Select Sector SPDR Fund by 21.4% in the fourth quarter. JPMorgan Chase & Co. now owns 16,768,323 shares of the exchange traded fund’s stock worth $2,595,737,000 after buying an additional 2,957,648 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of Health Care Select Sector SPDR Fund by 191.2% in the third quarter. Focus Partners Wealth now owns 2,739,901 shares of the exchange traded fund’s stock worth $381,315,000 after buying an additional 1,799,103 shares during the last quarter. Rokos Capital Management LLP purchased a new stake in shares of Health Care Select Sector SPDR Fund in the fourth quarter worth about $256,589,000. Finally, State Street Corp grew its holdings in Health Care Select Sector SPDR Fund by 897.6% during the second quarter. State Street Corp now owns 1,325,623 shares of the exchange traded fund’s stock worth $178,681,000 after acquiring an additional 1,192,747 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.