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) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $167.99 and last traded at $167.7220, with a volume of 1549108 shares trading hands. The stock had previously closed at $163.40.

Health Care Select Sector SPDR Fund Price Performance

The stock has a market capitalization of $43.83 billion, a PE ratio of 21.15 and a beta of 0.56. The stock’s fifty day moving average is $155.34 and its 200-day moving average is $152.82.

Institutional Investors Weigh In On Health Care Select Sector SPDR Fund

Several hedge funds have recently modified their holdings of XLV. Platform Technology Partners increased its stake in shares of Health Care Select Sector SPDR Fund by 8.3% in the 2nd quarter. Platform Technology Partners now owns 7,819 shares of the exchange traded fund’s stock valued at $1,241,000 after purchasing an additional 597 shares in the last quarter. Financial Perspectives Inc boosted its position in Health Care Select Sector SPDR Fund by 15.6% during the second quarter. Financial Perspectives Inc now owns 466 shares of the exchange traded fund’s stock worth $74,000 after purchasing an additional 63 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in Health Care Select Sector SPDR Fund by 1.1% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 20,932 shares of the exchange traded fund’s stock worth $3,321,000 after purchasing an additional 237 shares in the last quarter. Wealth Advisory Solutions LLC grew its holdings in Health Care Select Sector SPDR Fund by 2.0% in the second quarter. Wealth Advisory Solutions LLC now owns 4,019 shares of the exchange traded fund’s stock valued at $638,000 after purchasing an additional 80 shares during the period. Finally, Allen Wealth Management LLC grew its holdings in Health Care Select Sector SPDR Fund by 7.3% in the second quarter. Allen Wealth Management LLC now owns 102,979 shares of the exchange traded fund’s stock valued at $16,339,000 after purchasing an additional 7,025 shares during the period.

About Health Care Select Sector SPDR Fund

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.