Financial Select Sector SPDR Fund (NYSEARCA:XLF) Hits New 1-Year High at $38.78

Shares of Financial Select Sector SPDR Fund (NYSEARCA:XLFGet Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $38.78 and last traded at $38.75, with a volume of 40976077 shares traded. The stock had previously closed at $38.65.

Financial Select Sector SPDR Fund Stock Up 1.3 %

The company has a fifty day moving average price of $37.15 and a 200-day moving average price of $35.12. The stock has a market capitalization of $40.02 billion, a P/E ratio of 12.16 and a beta of 1.07.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

Several large investors have recently made changes to their positions in the company. Fairfield Bush & CO. bought a new stake in Financial Select Sector SPDR Fund during the first quarter worth approximately $62,000. Natixis Advisors L.P. bought a new stake in Financial Select Sector SPDR Fund during the first quarter worth approximately $454,000. Mather Group LLC. bought a new stake in Financial Select Sector SPDR Fund during the first quarter worth approximately $402,000. NewEdge Advisors LLC increased its stake in Financial Select Sector SPDR Fund by 44.5% during the first quarter. NewEdge Advisors LLC now owns 265,627 shares of the exchange traded fund’s stock worth $10,179,000 after acquiring an additional 81,759 shares during the last quarter. Finally, First Western Trust Bank bought a new stake in Financial Select Sector SPDR Fund during the first quarter worth approximately $242,000.

About Financial Select Sector SPDR Fund

(Get Free Report)

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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