Financial Select Sector SPDR Fund (NYSEARCA:XLF) Share Price Passes Above 200 Day Moving Average – Here’s Why

Financial Select Sector SPDR Fund (NYSEARCA:XLF) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $52.56 and traded as high as $57.55. Financial Select Sector SPDR Fund shares last traded at $57.38, with a volume of 30,994,632 shares.

Financial Select Sector SPDR Fund Trading Up 0.2%

The stock has a market cap of $58.63 billion, a PE ratio of 18.25 and a beta of 0.85. The firm has a fifty day simple moving average of $54.67 and a two-hundred day simple moving average of $52.61.

Institutional Investors 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 grew its position in Financial Select Sector SPDR Fund by 11.9% in the fourth quarter. Brighton Jones LLC now owns 52,998 shares of the exchange traded fund’s stock worth $2,561,000 after acquiring an additional 5,622 shares in the last quarter. Bison Wealth LLC raised its position in Financial Select Sector SPDR Fund by 2.8% during the fourth quarter. Bison Wealth LLC now owns 7,640 shares of the exchange traded fund’s stock valued at $369,000 after purchasing an additional 210 shares in the last quarter. AQR Capital Management LLC lifted its stake in Financial Select Sector SPDR Fund by 57.8% during the first quarter. AQR Capital Management LLC now owns 40,546 shares of the exchange traded fund’s stock worth $2,020,000 after purchasing an additional 14,844 shares during the last quarter. Empowered Funds LLC bought a new stake in Financial Select Sector SPDR Fund during the first quarter worth about $2,408,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Financial Select Sector SPDR Fund by 63.1% during the first 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 worth $6,904,000 after purchasing an additional 53,614 shares during the last quarter. 72.51% of the stock is owned by hedge funds and other institutional investors.

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.