Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Sets New 1-Year High – Here’s Why

Shares of Industrial Select Sector SPDR Fund (NYSEARCA:XLI) reached a new 52-week high during trading on Monday . The company traded as high as $160.02 and last traded at $160.2040, with a volume of 3650155 shares traded. The stock had previously closed at $157.98.

Industrial Select Sector SPDR Fund Trading Up 1.4%

The company has a market cap of $26.64 billion, a P/E ratio of 24.30 and a beta of 1.07. The company’s 50-day moving average price is $154.40 and its two-hundred day moving average price is $152.55.

Hedge Funds Weigh In On Industrial Select Sector SPDR Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in XLI. Laurel Wealth Advisors LLC grew its holdings in Industrial Select Sector SPDR Fund by 17,584.4% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,952,891 shares of the exchange traded fund’s stock valued at $288,090,000 after buying an additional 1,941,848 shares during the last quarter. Focus Partners Wealth increased its position in Industrial Select Sector SPDR Fund by 814.7% during the third quarter. Focus Partners Wealth now owns 2,074,413 shares of the exchange traded fund’s stock worth $319,937,000 after acquiring an additional 1,847,618 shares during the period. Menora Mivtachim Holdings LTD. grew its position in Industrial Select Sector SPDR Fund by 51.5% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 3,528,840 shares of the exchange traded fund’s stock worth $544,253,000 after purchasing an additional 1,200,000 shares during the last quarter. PGIM Custom Harvest LLC bought a new position in shares of Industrial Select Sector SPDR Fund during the 3rd quarter worth about $183,767,000. Finally, Phoenix Financial Ltd. raised its position in shares of Industrial Select Sector SPDR Fund by 85.5% during the second quarter. Phoenix Financial Ltd. now owns 2,444,375 shares of the exchange traded fund’s stock valued at $360,593,000 after buying an additional 1,126,334 shares during the last quarter.

About Industrial Select Sector SPDR Fund

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.