Financial Select Sector SPDR Fund (NYSEARCA:XLF) Share Price Crosses Above Two Hundred Day Moving Average of $37.35

Financial Select Sector SPDR Fund (NYSEARCA:XLF) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $37.35 and traded as high as $40.74. Financial Select Sector SPDR Fund shares last traded at $39.86, with a volume of 71,344,885 shares changing hands.

Financial Select Sector SPDR Fund Stock Performance

The business’s fifty day moving average is $40.56 and its two-hundred day moving average is $37.35. The company has a market cap of $36.87 billion, a P/E ratio of 18.09 and a beta of 0.88.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

Large investors have recently modified their holdings of the business. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in shares of Financial Select Sector SPDR Fund by 11.9% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 3,188 shares of the exchange traded fund’s stock valued at $122,000 after purchasing an additional 338 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Financial Select Sector SPDR Fund in the 1st quarter worth approximately $1,249,000. Interchange Capital Partners LLC purchased a new position in shares of Financial Select Sector SPDR Fund in the 1st quarter worth approximately $209,000. Founders Financial Securities LLC grew its position in shares of Financial Select Sector SPDR Fund by 43.6% in the 1st quarter. Founders Financial Securities LLC now owns 53,915 shares of the exchange traded fund’s stock worth $2,066,000 after buying an additional 16,363 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. purchased a new position in shares of Financial Select Sector SPDR Fund in the 1st quarter worth approximately $532,000.

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.