Financial Select Sector SPDR Fund (NYSEARCA:XLF – Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as $54.58 and last traded at $54.5140, with a volume of 9051219 shares changing hands. The stock had previously closed at $53.89.
Financial Select Sector SPDR Fund Stock Performance
The firm has a market capitalization of $54.99 billion, a PE ratio of 18.25 and a beta of 0.99. The company’s 50-day moving average price is $52.78 and its 200-day moving average price is $52.55.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in XLF. Greykasell Wealth Strategies Inc. purchased a new stake in Financial Select Sector SPDR Fund during the third quarter worth approximately $29,000. Abich Financial Wealth Management LLC purchased a new position in Financial Select Sector SPDR Fund in the third quarter valued at approximately $29,000. Wexford Capital LP acquired a new stake in Financial Select Sector SPDR Fund during the third quarter worth approximately $29,000. Smartleaf Asset Management LLC raised its holdings in Financial Select Sector SPDR Fund by 193.0% during the first quarter. Smartleaf Asset Management LLC now owns 674 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 444 shares in the last quarter. Finally, BankPlus Trust Department lifted its position in shares of Financial Select Sector SPDR Fund by 722.9% during the 2nd quarter. BankPlus Trust Department now owns 683 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 600 shares during the last quarter. 72.51% of the stock is owned by institutional investors and hedge funds.
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.
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