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)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $47.41 and traded as high as $51.77. Financial Select Sector SPDR Fund shares last traded at $51.70, with a volume of 36,358,510 shares trading hands.

Financial Select Sector SPDR Fund Price Performance

The stock has a 50 day simple moving average of $49.79 and a 200-day simple moving average of $47.50. The firm has a market cap of $48.29 billion, a PE ratio of 18.32 and a beta of 0.83.

Institutional Trading of Financial Select Sector SPDR Fund

Several large investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Financial Select Sector SPDR Fund in the fourth quarter worth approximately $773,900,000. Envestnet Asset Management Inc. grew its stake in Financial Select Sector SPDR Fund by 30.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 22,207,028 shares of the exchange traded fund’s stock worth $1,073,266,000 after purchasing an additional 5,143,166 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in Financial Select Sector SPDR Fund by 227.4% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,292,033 shares of the exchange traded fund’s stock worth $304,094,000 after purchasing an additional 4,370,382 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its stake in Financial Select Sector SPDR Fund by 4,207.1% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 3,922,192 shares of the exchange traded fund’s stock worth $189,560,000 after purchasing an additional 3,831,129 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in Financial Select Sector SPDR Fund by 45.3% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 12,077,000 shares of the exchange traded fund’s stock worth $583,681,000 after purchasing an additional 3,766,000 shares in 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.