Financial Select Sector SPDR Fund (NYSEARCA:XLF) Shares Cross Above 200-Day Moving Average – Should You Sell?

Financial Select Sector SPDR Fund (NYSEARCA:XLF) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $46.12 and traded as high as $47.68. Financial Select Sector SPDR Fund shares last traded at $47.66, with a volume of 35,992,947 shares traded.

Financial Select Sector SPDR Fund Stock Up 2.5 %

The firm’s fifty day simple moving average is $49.38 and its 200-day simple moving average is $46.17. The firm has a market capitalization of $46.13 billion, a PE ratio of 18.32 and a beta of 0.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XLF. Meridian Financial LLC boosted its position in Financial Select Sector SPDR Fund by 11.4% in the fourth quarter. Meridian Financial LLC now owns 7,778 shares of the exchange traded fund’s stock worth $376,000 after purchasing an additional 798 shares during the last quarter. Sandbox Financial Partners LLC lifted its stake in shares of Financial Select Sector SPDR Fund by 9.4% in the 4th quarter. Sandbox Financial Partners LLC now owns 52,406 shares of the exchange traded fund’s stock worth $2,533,000 after purchasing an additional 4,524 shares during the period. Smith Salley Wealth Management boosted its holdings in shares of Financial Select Sector SPDR Fund by 1.0% in the fourth quarter. Smith Salley Wealth Management now owns 26,205 shares of the exchange traded fund’s stock worth $1,267,000 after buying an additional 250 shares during the last quarter. Taylor & Morgan Wealth Management LLC grew its position in Financial Select Sector SPDR Fund by 10.4% during the fourth quarter. Taylor & Morgan Wealth Management LLC now owns 18,987 shares of the exchange traded fund’s stock valued at $918,000 after buying an additional 1,784 shares during the period. Finally, Herbst Group LLC increased its holdings in Financial Select Sector SPDR Fund by 3.4% during the fourth quarter. Herbst Group LLC now owns 25,166 shares of the exchange traded fund’s stock valued at $1,216,000 after buying an additional 835 shares during the last quarter.

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.