Investors sold shares of Financial Select Sector SPDR Fund (NYSE:XLF) on strength during trading on Wednesday. $126.68 million flowed into the stock on the tick-up and $147.44 million flowed out of the stock on the tick-down, for a money net flow of $20.76 million out of the stock. Of all companies tracked, Financial Select Sector SPDR Fund had the 0th highest net out-flow for the day. Financial Select Sector SPDR Fund traded up $0.04 for the day and closed at $24.85

The firm’s 50 day moving average is $24.81 and its 200 day moving average is $24.26.

Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in shares of Financial Select Sector SPDR Fund by 117.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,368,496 shares of the exchange traded fund’s stock valued at $329,800,000 after purchasing an additional 7,212,427 shares during the last quarter. Bank of Nova Scotia increased its position in shares of Financial Select Sector SPDR Fund by 48.1% in the 2nd quarter. Bank of Nova Scotia now owns 9,587,388 shares of the exchange traded fund’s stock valued at $237,230,000 after purchasing an additional 3,114,660 shares during the last quarter. Quantitative Investment Management LLC increased its position in shares of Financial Select Sector SPDR Fund by 269.6% in the 2nd quarter. Quantitative Investment Management LLC now owns 8,589,900 shares of the exchange traded fund’s stock valued at $211,912,000 after purchasing an additional 6,265,900 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Financial Select Sector SPDR Fund by 13.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 3,898,108 shares of the exchange traded fund’s stock valued at $96,166,000 after purchasing an additional 455,595 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Financial Select Sector SPDR Fund by 4.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,627,981 shares of the exchange traded fund’s stock valued at $89,503,000 after purchasing an additional 151,752 shares during the last quarter.

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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.

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