Financial Select Sector SPDR Fund (NYSEARCA:XLF) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Financial Select Sector SPDR Fund (NYSEARCA:XLF) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $45.46 and traded as high as $49.13. Financial Select Sector SPDR Fund shares last traded at $49.11, with a volume of 20,805,395 shares traded.

Financial Select Sector SPDR Fund Stock Performance

The company’s 50-day moving average price is $49.03 and its 200 day moving average price is $45.46. The stock has a market capitalization of $45.78 billion, a PE ratio of 18.32 and a beta of 0.83.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Arlington Capital Management Inc. grew its holdings in Financial Select Sector SPDR Fund by 4.1% in the third quarter. Arlington Capital Management Inc. now owns 5,599 shares of the exchange traded fund’s stock worth $254,000 after purchasing an additional 222 shares during the period. One Wealth Management Investment & Advisory Services LLC grew its stake in shares of Financial Select Sector SPDR Fund by 2.7% in the 3rd quarter. One Wealth Management Investment & Advisory Services LLC now owns 8,419 shares of the exchange traded fund’s stock worth $382,000 after buying an additional 224 shares during the last quarter. Providence Capital Advisors LLC increased its position in Financial Select Sector SPDR Fund by 10.5% during the 3rd quarter. Providence Capital Advisors LLC now owns 2,377 shares of the exchange traded fund’s stock valued at $108,000 after buying an additional 226 shares in the last quarter. Sunbelt Securities Inc. raised its stake in Financial Select Sector SPDR Fund by 7.1% during the second quarter. Sunbelt Securities Inc. now owns 3,541 shares of the exchange traded fund’s stock valued at $146,000 after buying an additional 234 shares during the last quarter. Finally, Planning Capital Management Corp grew its stake in shares of Financial Select Sector SPDR Fund by 14.4% in the third quarter. Planning Capital Management Corp now owns 1,887 shares of the exchange traded fund’s stock worth $86,000 after acquiring an additional 238 shares during the last quarter.

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.