Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) Shares Up 0.1%

Communication Services Select Sector SPDR Fund (NYSEARCA:XLCGet Rating) shares shot up 0.1% on Friday . The stock traded as high as $56.49 and last traded at $56.37. 5,979,777 shares traded hands during trading, a decline of 15% from the average session volume of 7,052,257 shares. The stock had previously closed at $56.34.

Communication Services Select Sector SPDR Fund Trading Up 0.1 %

The company’s 50-day moving average is $56.53 and its two-hundred day moving average is $63.31.

Hedge Funds Weigh In On Communication Services Select Sector SPDR Fund

Several institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in Communication Services Select Sector SPDR Fund by 1.9% during the first quarter. JPMorgan Chase & Co. now owns 6,376,773 shares of the company’s stock valued at $438,593,000 after buying an additional 119,303 shares during the period. Truist Financial Corp lifted its holdings in Communication Services Select Sector SPDR Fund by 44.0% during the second quarter. Truist Financial Corp now owns 4,964,645 shares of the company’s stock valued at $269,431,000 after purchasing an additional 1,517,514 shares during the last quarter. WestEnd Advisors LLC lifted its holdings in Communication Services Select Sector SPDR Fund by 52.8% during the second quarter. WestEnd Advisors LLC now owns 4,518,766 shares of the company’s stock valued at $245,233,000 after purchasing an additional 1,562,102 shares during the last quarter. Raymond James & Associates lifted its holdings in Communication Services Select Sector SPDR Fund by 4.7% during the first quarter. Raymond James & Associates now owns 4,123,300 shares of the company’s stock valued at $283,602,000 after purchasing an additional 184,297 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in Communication Services Select Sector SPDR Fund by 359.3% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,079,000 shares of the company’s stock valued at $316,857,000 after purchasing an additional 3,191,000 shares during the last quarter.

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