Financial Select Sector SPDR Fund (NYSEARCA:XLF – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $54.21 and traded as high as $55.65. Financial Select Sector SPDR Fund shares last traded at $54.82, with a volume of 44,379,947 shares.
Financial Select Sector SPDR Fund Stock Up 1.4%
The company has a market cap of $52.19 billion, a price-to-earnings ratio of 18.25 and a beta of 0.87. The stock has a fifty day moving average price of $56.33 and a two-hundred day moving average price of $54.30.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in Financial Select Sector SPDR Fund by 6.7% during the 1st quarter. Bank of America Corp DE now owns 85,978,579 shares of the exchange traded fund’s stock valued at $4,244,762,000 after acquiring an additional 5,364,413 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Financial Select Sector SPDR Fund by 105.8% in the 1st quarter. Renaissance Technologies LLC now owns 2,716,310 shares of the exchange traded fund’s stock worth $134,104,000 after acquiring an additional 1,396,500 shares in the last quarter. Unisphere Establishment grew its stake in shares of Financial Select Sector SPDR Fund by 92.3% in the 1st quarter. Unisphere Establishment now owns 2,500,000 shares of the exchange traded fund’s stock worth $123,425,000 after acquiring an additional 1,200,000 shares in the last quarter. Gradient Investments LLC bought a new stake in shares of Financial Select Sector SPDR Fund in the 3rd quarter worth $56,581,000. Finally, Trilogy Capital Inc. raised its holdings in shares of Financial Select Sector SPDR Fund by 629.1% in the second quarter. Trilogy Capital Inc. now owns 825,506 shares of the exchange traded fund’s stock valued at $44,255,000 after purchasing an additional 712,289 shares during the last quarter. Institutional investors own 72.51% of the company’s stock.
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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