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

Industrial Select Sector SPDR Fund (NYSEARCA:XLI)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $136.23 and last traded at $136.20, with a volume of 584867 shares. The stock had previously closed at $135.48.

Industrial Select Sector SPDR Fund Stock Down 0.5 %

The stock has a market cap of $19.97 billion, a price-to-earnings ratio of 26.03 and a beta of 0.90. The company’s 50-day simple moving average is $129.85 and its 200-day simple moving average is $125.77.

Hedge Funds Weigh In On Industrial Select Sector SPDR Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its stake in shares of Industrial Select Sector SPDR Fund by 31.9% during the 3rd quarter. Sound Income Strategies LLC now owns 310 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 75 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Industrial Select Sector SPDR Fund by 1.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,246 shares of the exchange traded fund’s stock valued at $661,000 after purchasing an additional 82 shares during the last quarter. Richardson Financial Services Inc. lifted its stake in shares of Industrial Select Sector SPDR Fund by 1.1% in the 2nd quarter. Richardson Financial Services Inc. now owns 7,738 shares of the exchange traded fund’s stock valued at $943,000 after purchasing an additional 84 shares during the last quarter. FAS Wealth Partners Inc. lifted its stake in shares of Industrial Select Sector SPDR Fund by 2.4% in the 1st quarter. FAS Wealth Partners Inc. now owns 3,633 shares of the exchange traded fund’s stock valued at $458,000 after purchasing an additional 85 shares during the last quarter. Finally, Johnson Investment Counsel Inc. lifted its position in Industrial Select Sector SPDR Fund by 1.7% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 4,965 shares of the exchange traded fund’s stock worth $605,000 after acquiring an additional 85 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.