Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Hits New 1-Year High – Here’s What Happened

Health Care Select Sector SPDR Fund (NYSEARCA:XLV)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $165.61 and last traded at $164.44, with a volume of 12123762 shares. The stock had previously closed at $161.96.

Health Care Select Sector SPDR Fund Stock Down 0.1%

The company has a fifty day moving average of $151.60 and a two-hundred day moving average of $152.39. The stock has a market capitalization of $41.71 billion, a price-to-earnings ratio of 21.15 and a beta of 0.56.

Hedge Funds Weigh In On Health Care Select Sector SPDR Fund

Large investors have recently bought and sold shares of the company. Principle Wealth Partners LLC raised its holdings in Health Care Select Sector SPDR Fund by 0.3% during the fourth quarter. Principle Wealth Partners LLC now owns 20,489 shares of the exchange traded fund’s stock worth $3,172,000 after purchasing an additional 64 shares in the last quarter. Cambria Investment Management L.P. increased its position in Health Care Select Sector SPDR Fund by 1.5% during the 3rd quarter. Cambria Investment Management L.P. now owns 4,597 shares of the exchange traded fund’s stock worth $640,000 after purchasing an additional 66 shares during the period. Southeast Asset Advisors LLC increased its position in Health Care Select Sector SPDR Fund by 3.9% during the 4th quarter. Southeast Asset Advisors LLC now owns 1,756 shares of the exchange traded fund’s stock worth $272,000 after purchasing an additional 66 shares during the period. Thompson Davis & CO. Inc. raised its stake in shares of Health Care Select Sector SPDR Fund by 3.0% during the 4th quarter. Thompson Davis & CO. Inc. now owns 2,334 shares of the exchange traded fund’s stock worth $361,000 after buying an additional 67 shares in the last quarter. Finally, Paragon Capital Management Ltd raised its stake in shares of Health Care Select Sector SPDR Fund by 3.9% during the 4th quarter. Paragon Capital Management Ltd now owns 1,791 shares of the exchange traded fund’s stock worth $277,000 after buying an additional 68 shares in the last quarter.

Health Care Select Sector SPDR Fund Company Profile

Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500). The Health Care Select Sector Index includes companies from the industries, such as pharmaceuticals, healthcare providers and services, healthcare equipment and supplies, biotechnology, life sciences tools and services, and healthcare technology.