Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Sets New 52-Week High – Should You Buy?

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) shares reached a new 52-week high on Tuesday . The stock traded as high as $170.30 and last traded at $169.3650, with a volume of 1851195 shares trading hands. The stock had previously closed at $167.05.

Health Care Select Sector SPDR Fund Trading Up 1.8%

The stock has a 50 day simple moving average of $160.27 and a 200-day simple moving average of $153.71. The firm has a market cap of $43.78 billion, a P/E ratio of 21.15 and a beta of 0.56.

Institutional Investors Weigh In On Health Care Select Sector SPDR Fund

Several large investors have recently added to or reduced their stakes in the stock. Financial Perspectives Inc increased its position in shares of Health Care Select Sector SPDR Fund by 15.6% during the 2nd quarter. Financial Perspectives Inc now owns 466 shares of the exchange traded fund’s stock valued at $74,000 after purchasing an additional 63 shares during the last quarter. one8zero8 LLC raised its holdings in shares of Health Care Select Sector SPDR Fund by 22.7% in the second quarter. one8zero8 LLC now owns 340 shares of the exchange traded fund’s stock worth $54,000 after buying an additional 63 shares during the period. Principle Wealth Partners LLC raised its holdings in shares of Health Care Select Sector SPDR Fund by 0.3% in the fourth quarter. Principle Wealth Partners LLC now owns 20,489 shares of the exchange traded fund’s stock worth $3,172,000 after buying an additional 64 shares during the period. Southeast Asset Advisors LLC increased its stake in Health Care Select Sector SPDR Fund by 3.9% in the fourth 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. Finally, Sequent Asset Management LLC increased its stake in Health Care Select Sector SPDR Fund by 1.5% in the 4th quarter. Sequent Asset Management LLC now owns 4,687 shares of the exchange traded fund’s stock worth $725,000 after buying an additional 70 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.