Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) Shares Down 0.4% – Here’s Why

Communication Services Select Sector SPDR Fund (NYSEARCA:XLC)’s share price traded down 0.4% on Thursday . The company traded as low as $98.55 and last traded at $98.65. 3,319,256 shares were traded during trading, a decline of 23% from the average session volume of 4,307,512 shares. The stock had previously closed at $99.09.

Communication Services Select Sector SPDR Fund Stock Down 2.9 %

The company’s fifty day moving average is $100.62 and its two-hundred day moving average is $96.60. The stock has a market cap of $20.35 billion, a price-to-earnings ratio of 18.99 and a beta of 1.05.

Communication Services Select Sector SPDR Fund Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were issued a $0.2879 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Communication Services Select Sector SPDR Fund’s previous dividend of $0.22.

Institutional Trading of Communication Services Select Sector SPDR Fund

A number of institutional investors have recently bought and sold shares of the business. RE Dickinson Investment Advisors LLC acquired a new stake in Communication Services Select Sector SPDR Fund during the fourth quarter worth approximately $26,000. Arlington Trust Co LLC acquired a new stake in Communication Services Select Sector SPDR Fund during the 4th quarter worth $28,000. BTG Pactual Asset Management US LLC acquired a new position in Communication Services Select Sector SPDR Fund in the fourth quarter valued at $29,000. SBI Securities Co. Ltd. purchased a new position in shares of Communication Services Select Sector SPDR Fund during the fourth quarter worth about $31,000. Finally, Roxbury Financial LLC acquired a new stake in shares of Communication Services Select Sector SPDR Fund during the fourth quarter worth about $37,000.

Communication Services Select Sector SPDR Fund Company Profile

The Communication Services Select Sector SPDR Fund (XLC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of US telecommunication and media & entertainment components of the S&P 500 index. XLC was launched on Jun 18, 2018 and is managed by State Street.