Financial Select Sector SPDR Fund (NYSEARCA:XLF) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Financial Select Sector SPDR Fund (NYSEARCA:XLF) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $42.90 and traded as high as $47.21. Financial Select Sector SPDR Fund shares last traded at $47.15, with a volume of 19,564,600 shares traded.

Financial Select Sector SPDR Fund Price Performance

The stock has a market cap of $43.47 billion, a price-to-earnings ratio of 18.32 and a beta of 0.83. The business has a 50-day simple moving average of $45.45 and a two-hundred day simple moving average of $42.96.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in XLF. IMC Chicago LLC bought a new stake in shares of Financial Select Sector SPDR Fund during the first quarter worth about $573,000. Independence Bank of Kentucky grew its holdings in Financial Select Sector SPDR Fund by 75.6% during the 1st quarter. Independence Bank of Kentucky now owns 1,879 shares of the exchange traded fund’s stock worth $79,000 after acquiring an additional 809 shares during the period. Founders Financial Securities LLC grew its position in shares of Financial Select Sector SPDR Fund by 35.5% during the 1st quarter. Founders Financial Securities LLC now owns 216,079 shares of the exchange traded fund’s stock worth $9,101,000 after buying an additional 56,565 shares during the period. Foguth Wealth Management LLC. bought a new position in Financial Select Sector SPDR Fund during the first quarter worth $1,190,000. Finally, Breakwater Capital Group boosted its position in shares of Financial Select Sector SPDR Fund by 9.8% during the 1st quarter. Breakwater Capital Group now owns 20,057 shares of the exchange traded fund’s stock worth $845,000 after purchasing an additional 1,794 shares in the last quarter.

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.