Financial Select Sector SPDR Fund (NYSEARCA:XLF) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Financial Select Sector SPDR Fund (NYSEARCA:XLF) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $52.35 and traded as high as $53.55. Financial Select Sector SPDR Fund shares last traded at $53.34, with a volume of 50,992,460 shares.

Financial Select Sector SPDR Fund Stock Up 1.4%

The stock’s 50-day moving average is $51.59 and its 200-day moving average is $52.35. The firm has a market cap of $52.60 billion, a P/E ratio of 18.25 and a beta of 0.86.

Hedge Funds Weigh In On Financial Select Sector SPDR Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC increased its holdings in Financial Select Sector SPDR Fund by 11.9% in the 4th quarter. Brighton Jones LLC now owns 52,998 shares of the exchange traded fund’s stock valued at $2,561,000 after buying an additional 5,622 shares during the period. Bison Wealth LLC increased its holdings in Financial Select Sector SPDR Fund by 2.8% in the 4th quarter. Bison Wealth LLC now owns 7,640 shares of the exchange traded fund’s stock valued at $369,000 after buying an additional 210 shares during the period. AQR Capital Management LLC increased its holdings in Financial Select Sector SPDR Fund by 57.8% in the 1st quarter. AQR Capital Management LLC now owns 40,546 shares of the exchange traded fund’s stock valued at $2,020,000 after buying an additional 14,844 shares during the period. Empowered Funds LLC bought a new stake in Financial Select Sector SPDR Fund in the 1st quarter valued at $2,408,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Financial Select Sector SPDR Fund by 63.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,614 shares of the exchange traded fund’s stock valued at $6,904,000 after buying an additional 53,614 shares during the period. Institutional investors own 72.51% of the company’s stock.

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.