Shares of Financial Select Sector SPDR Fund (NYSEARCA:XLF – Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $44.26 and last traded at $44.22, with a volume of 2247197 shares. The stock had previously closed at $44.05.
Financial Select Sector SPDR Fund Stock Performance
The firm has a market capitalization of $41.42 billion, a price-to-earnings ratio of 18.32 and a beta of 0.83. The business has a fifty day moving average price of $42.41 and a 200 day moving average price of $41.40.
Institutional Trading of Financial Select Sector SPDR Fund
Institutional investors have recently added to or reduced their stakes in the business. Able Wealth Management LLC purchased a new position in Financial Select Sector SPDR Fund in the 4th quarter valued at about $25,000. Frazier Financial Advisors LLC purchased a new position in Financial Select Sector SPDR Fund in the 4th quarter valued at about $32,000. Asset Dedication LLC boosted its position in Financial Select Sector SPDR Fund by 470.8% in the 2nd quarter. Asset Dedication LLC now owns 879 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 725 shares during the last quarter. Field & Main Bank boosted its position in Financial Select Sector SPDR Fund by 368.4% in the 2nd quarter. Field & Main Bank now owns 890 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 700 shares during the last quarter. Finally, Armor Investment Advisors LLC boosted its position in Financial Select Sector SPDR Fund by 46.8% in the 1st quarter. Armor Investment Advisors LLC now owns 978 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 312 shares during the last quarter.
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.
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