Financial Select Sector SPDR Fund (NYSEARCA:XLF) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Financial Select Sector SPDR Fund (NYSEARCA:XLF) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $45.46 and traded as high as $49.13. Financial Select Sector SPDR Fund shares last traded at $49.11, with a volume of 20,805,395 shares traded.

Financial Select Sector SPDR Fund Trading Down 0.7 %

The firm’s fifty day moving average price is $49.06 and its 200-day moving average price is $45.51. The company has a market cap of $45.45 billion, a P/E ratio of 18.32 and a beta of 0.83.

Hedge Funds Weigh In On Financial Select Sector SPDR Fund

Several large investors have recently added to or reduced their stakes in the company. CarsonAllaria Wealth Management Ltd. bought a new position in shares of Financial Select Sector SPDR Fund during the 3rd quarter worth about $26,000. Rakuten Securities Inc. raised its holdings in shares of Financial Select Sector SPDR Fund by 212.4% in the 3rd quarter. Rakuten Securities Inc. now owns 603 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 410 shares in the last quarter. Transcendent Capital Group LLC lifted its position in shares of Financial Select Sector SPDR Fund by 4,000.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 615 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 600 shares during the period. Rational Advisors LLC acquired a new stake in Financial Select Sector SPDR Fund in the 3rd quarter valued at $34,000. Finally, Asset Dedication LLC grew its position in Financial Select Sector SPDR Fund by 470.8% in the second quarter. Asset Dedication LLC now owns 879 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 725 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.