Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Stock Passes Above 50 Day Moving Average – What’s Next?

Industrial Select Sector SPDR Fund (NYSEARCA:XLI)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $156.14 and traded as high as $167.20. Industrial Select Sector SPDR Fund shares last traded at $166.90, with a volume of 13,451,717 shares changing hands.

Industrial Select Sector SPDR Fund Price Performance

The stock has a market capitalization of $28.23 billion, a price-to-earnings ratio of 24.30 and a beta of 1.07. The stock has a 50 day moving average price of $156.56 and a 200-day moving average price of $153.82.

Institutional Investors Weigh In On Industrial Select Sector SPDR Fund

Large investors have recently modified their holdings of the business. Brighton Jones LLC purchased a new stake in Industrial Select Sector SPDR Fund during the 4th quarter valued at about $337,000. AQR Capital Management LLC boosted its holdings in shares of Industrial Select Sector SPDR Fund by 37.4% during the 1st quarter. AQR Capital Management LLC now owns 16,419 shares of the exchange traded fund’s stock worth $2,152,000 after purchasing an additional 4,469 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Industrial Select Sector SPDR Fund by 5.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 78,552 shares of the exchange traded fund’s stock worth $11,737,000 after purchasing an additional 4,250 shares during the last quarter. Silver Oak Securities Incorporated grew its position in shares of Industrial Select Sector SPDR Fund by 23.9% in the second quarter. Silver Oak Securities Incorporated now owns 1,294 shares of the exchange traded fund’s stock valued at $191,000 after purchasing an additional 250 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its holdings in shares of Industrial Select Sector SPDR Fund by 13.9% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 17,944 shares of the exchange traded fund’s stock valued at $2,647,000 after purchasing an additional 2,185 shares during the last quarter.

Industrial Select Sector SPDR Fund Company Profile

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.