Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Sets New 12-Month High – Still a Buy?

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) shares reached a new 52-week high during trading on Monday . The company traded as high as $179.98 and last traded at $179.3580, with a volume of 852199 shares trading hands. The stock had previously closed at $176.18.

Industrial Select Sector SPDR Fund Stock Performance

The stock’s 50-day moving average is $172.80 and its 200 day moving average is $167.26. The firm has a market cap of $31.14 billion, a P/E ratio of 24.30 and a beta of 0.99.

Institutional Trading of Industrial Select Sector SPDR Fund

A number of large investors have recently made changes to their positions in the company. NFSG Corp boosted its stake in Industrial Select Sector SPDR Fund by 4.1% in the 1st quarter. NFSG Corp now owns 1,552 shares of the exchange traded fund’s stock worth $251,000 after purchasing an additional 61 shares during the period. Cvfg LLC boosted its stake in Industrial Select Sector SPDR Fund by 2.3% in the 1st quarter. Cvfg LLC now owns 2,854 shares of the exchange traded fund’s stock worth $462,000 after purchasing an additional 65 shares during the period. Allegheny Financial Group boosted its stake in Industrial Select Sector SPDR Fund by 2.5% in the 1st quarter. Allegheny Financial Group now owns 2,744 shares of the exchange traded fund’s stock worth $444,000 after purchasing an additional 66 shares during the period. Wetzel Investment Advisors Inc. boosted its stake in Industrial Select Sector SPDR Fund by 4.0% in the 4th quarter. Wetzel Investment Advisors Inc. now owns 1,752 shares of the exchange traded fund’s stock worth $272,000 after purchasing an additional 67 shares during the period. Finally, Severin Investments LLC boosted its stake in Industrial Select Sector SPDR Fund by 4.7% in the 3rd quarter. Severin Investments LLC now owns 1,544 shares of the exchange traded fund’s stock worth $238,000 after purchasing an additional 70 shares during the period.

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.