Financial Select Sector SPDR Fund (NYSEARCA:XLF) Hits New 12-Month High – Should You Buy?

Shares of Financial Select Sector SPDR Fund (NYSEARCA:XLF) hit a new 52-week high during trading on Monday . The company traded as high as $56.94 and last traded at $56.3310, with a volume of 42839011 shares trading hands. The stock had previously closed at $56.26.

Financial Select Sector SPDR Fund Stock Performance

The business’s 50-day moving average is $53.47 and its two-hundred day moving average is $52.48. The firm has a market capitalization of $55.39 billion, a price-to-earnings ratio of 18.25 and a beta of 0.86.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

Several large investors have recently bought and sold shares of the company. Thompson Davis & CO. Inc. bought a new position in Financial Select Sector SPDR Fund in the fourth quarter valued at approximately $292,000. Olistico Wealth LLC bought a new stake in shares of Financial Select Sector SPDR Fund during the fourth quarter worth $62,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Financial Select Sector SPDR Fund by 6.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 391,135 shares of the exchange traded fund’s stock worth $22,092,000 after acquiring an additional 23,078 shares during the period. Eagle Capital Management LLC raised its holdings in shares of Financial Select Sector SPDR Fund by 1.4% during the fourth quarter. Eagle Capital Management LLC now owns 23,406 shares of the exchange traded fund’s stock worth $1,282,000 after acquiring an additional 324 shares during the period. Finally, Fjell Capital LLC lifted its position in Financial Select Sector SPDR Fund by 5.1% in the 4th quarter. Fjell Capital LLC now owns 14,879 shares of the exchange traded fund’s stock valued at $815,000 after acquiring an additional 724 shares in the last quarter. Institutional investors own 72.51% of the company’s stock.

About Financial Select Sector SPDR Fund

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.