Financial Select Sector SPDR Fund (NYSEARCA:XLF – Get Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $57.64 and last traded at $57.5520, with a volume of 5586587 shares traded. The stock had previously closed at $57.38.
Financial Select Sector SPDR Fund Price Performance
The firm has a market capitalization of $59.47 billion, a P/E ratio of 18.25 and a beta of 0.86. The firm’s fifty day moving average price is $54.42 and its 200-day moving average price is $52.56.
Hedge Funds Weigh In On Financial Select Sector SPDR Fund
A number of institutional investors and hedge funds have recently added to or reduced their stakes in XLF. Brighton Jones LLC raised its stake in shares of Financial Select Sector SPDR Fund by 11.9% in the 4th quarter. Brighton Jones LLC now owns 52,998 shares of the exchange traded fund’s stock worth $2,561,000 after buying an additional 5,622 shares in the last quarter. Bison Wealth LLC boosted its stake in Financial Select Sector SPDR Fund by 2.8% during the fourth quarter. Bison Wealth LLC now owns 7,640 shares of the exchange traded fund’s stock valued at $369,000 after buying an additional 210 shares in the last quarter. AQR Capital Management LLC boosted its stake in Financial Select Sector SPDR Fund by 57.8% during the first quarter. AQR Capital Management LLC now owns 40,546 shares of the exchange traded fund’s stock valued at $2,020,000 after buying an additional 14,844 shares in the last quarter. Empowered Funds LLC acquired a new position in Financial Select Sector SPDR Fund during the first quarter worth about $2,408,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Financial Select Sector SPDR Fund by 63.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,614 shares of the exchange traded fund’s stock worth $6,904,000 after acquiring an additional 53,614 shares during the period. 72.51% of the stock is owned by institutional investors.
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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