Financial Select Sector SPDR Fund (NYSEARCA:XLF – Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $56.19 and last traded at $56.3050, with a volume of 9668643 shares trading hands. The stock had previously closed at $54.93.
Financial Select Sector SPDR Fund Stock Performance
The stock has a market capitalization of $54.44 billion, a price-to-earnings ratio of 18.25 and a beta of 0.99. The firm’s fifty day simple moving average is $53.50 and its 200 day simple moving average is $53.08.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of XLF. Darwin Wealth Management LLC purchased a new position in Financial Select Sector SPDR Fund in the second quarter valued at approximately $4,162,000. Quantinno Capital Management LP raised its stake in shares of Financial Select Sector SPDR Fund by 14.0% in the second quarter. Quantinno Capital Management LP now owns 254,283 shares of the exchange traded fund’s stock valued at $13,317,000 after buying an additional 31,286 shares during the period. Diversify Advisory Services LLC lifted its position in shares of Financial Select Sector SPDR Fund by 17.3% during the 2nd quarter. Diversify Advisory Services LLC now owns 42,105 shares of the exchange traded fund’s stock valued at $2,209,000 after buying an additional 6,208 shares during the last quarter. HUB Investment Partners LLC bought a new position in shares of Financial Select Sector SPDR Fund during the 2nd quarter worth $452,000. Finally, First Trust Advisors LP grew its stake in shares of Financial Select Sector SPDR Fund by 65.8% during the 2nd quarter. First Trust Advisors LP now owns 199,906 shares of the exchange traded fund’s stock worth $10,469,000 after acquiring an additional 79,344 shares during the period. 72.51% of the stock is owned by institutional investors and hedge funds.
Financial Select Sector SPDR Fund Company Profile
The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.
See Also
- Five stocks we like better than Financial Select Sector SPDR Fund
- Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!
- Do not delete, read immediately
- The $100 Trillion AI Story No One Is Telling You
- This stock gets a 94 out of 100
- The Crash Has Already Started (Most Just Don’t See It Yet)
Receive News & Ratings for Financial Select Sector SPDR Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Financial Select Sector SPDR Fund and related companies with MarketBeat.com's FREE daily email newsletter.
