Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Sets New 52-Week High – What’s Next?

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) hit a new 52-week high on Wednesday . The company traded as high as $140.73 and last traded at $140.50, with a volume of 992481 shares traded. The stock had previously closed at $136.10.

Industrial Select Sector SPDR Fund Stock Performance

The business has a 50 day moving average of $134.29 and a two-hundred day moving average of $127.61. The stock has a market capitalization of $20.87 billion, a PE ratio of 26.03 and a beta of 0.90.

Institutional Trading of Industrial Select Sector SPDR Fund

A number of institutional investors have recently modified their holdings of XLI. Terra Nova Asset Management LLC grew its holdings in Industrial Select Sector SPDR Fund by 0.7% in the third quarter. Terra Nova Asset Management LLC now owns 10,211 shares of the exchange traded fund’s stock worth $1,383,000 after purchasing an additional 73 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Industrial Select Sector SPDR Fund by 31.9% during the third quarter. Sound Income Strategies LLC now owns 310 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 75 shares during the last quarter. Gold Investment Management Ltd. increased its holdings in shares of Industrial Select Sector SPDR Fund by 1.2% in the third quarter. Gold Investment Management Ltd. now owns 6,248 shares of the exchange traded fund’s stock valued at $843,000 after purchasing an additional 75 shares during the period. Wetzel Investment Advisors Inc. raised its stake in shares of Industrial Select Sector SPDR Fund by 4.7% in the third quarter. Wetzel Investment Advisors Inc. now owns 1,726 shares of the exchange traded fund’s stock worth $234,000 after purchasing an additional 78 shares during the last quarter. Finally, World Equity Group Inc. lifted its holdings in shares of Industrial Select Sector SPDR Fund by 1.2% during the third quarter. World Equity Group Inc. now owns 6,573 shares of the exchange traded fund’s stock worth $890,000 after purchasing an additional 78 shares during the period.

Industrial Select Sector SPDR Fund Company Profile

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.