Financial Select Sector SPDR Fund (NYSEARCA:XLF) Reaches New 1-Year High – Here’s What Happened

Shares of Financial Select Sector SPDR Fund (NYSEARCA:XLF) reached a new 52-week high on Wednesday . The company traded as high as $51.62 and last traded at $51.37, with a volume of 14297350 shares trading hands. The stock had previously closed at $51.16.

Financial Select Sector SPDR Fund Stock Performance

The stock has a market cap of $47.79 billion, a price-to-earnings ratio of 18.32 and a beta of 0.83. The company has a 50-day simple moving average of $47.52 and a two-hundred day simple moving average of $44.36.

Hedge Funds Weigh In On Financial Select Sector SPDR Fund

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in shares of Financial Select Sector SPDR Fund by 534.4% in the second quarter. GAMMA Investing LLC now owns 11,990 shares of the exchange traded fund’s stock valued at $493,000 after acquiring an additional 10,100 shares in the last quarter. Transcend Capital Advisors LLC increased its stake in Financial Select Sector SPDR Fund by 12.0% during the 2nd quarter. Transcend Capital Advisors LLC now owns 111,243 shares of the exchange traded fund’s stock worth $4,573,000 after acquiring an additional 11,910 shares during the period. Waller Financial Planning Group Inc. acquired a new position in Financial Select Sector SPDR Fund in the 2nd quarter valued at $273,000. Cape Investment Advisory Inc. grew its holdings in shares of Financial Select Sector SPDR Fund by 8.3% during the 1st quarter. Cape Investment Advisory Inc. now owns 5,870 shares of the exchange traded fund’s stock worth $247,000 after purchasing an additional 449 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Financial Select Sector SPDR Fund by 23.5% in the first quarter. EverSource Wealth Advisors LLC now owns 22,203 shares of the exchange traded fund’s stock worth $896,000 after purchasing an additional 4,224 shares during the period.

Financial Select Sector SPDR Fund Company Profile

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.