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 200-day moving average during trading on Friday . The stock has a 200-day moving average of $47.81 and traded as high as $51.50. Financial Select Sector SPDR Fund shares last traded at $50.75, with a volume of 51,762,187 shares traded.

Financial Select Sector SPDR Fund Stock Performance

The stock has a market cap of $47.31 billion, a P/E ratio of 18.32 and a beta of 0.83. The firm has a 50-day moving average price of $49.98 and a 200-day moving average price of $47.81.

Institutional Trading of Financial Select Sector SPDR Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Rakuten Securities Inc. boosted its stake 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 during the last quarter. Transcendent Capital Group LLC boosted its stake in shares of Financial Select Sector SPDR Fund by 4,000.0% in 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 last quarter. Flagship Wealth Advisors LLC purchased a new position in shares of Financial Select Sector SPDR Fund in the 4th quarter worth $28,000. Family Management Corp purchased a new position in shares of Financial Select Sector SPDR Fund in the 4th quarter worth $28,000. Finally, Synergy Asset Management LLC purchased a new position in shares of Financial Select Sector SPDR Fund in the 4th quarter worth $29,000.

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.