Financial Select Sector SPDR Fund (NYSEARCA:XLF) Stock Crosses Above Two Hundred Day Moving Average of $37.67

Financial Select Sector SPDR Fund (NYSEARCA:XLF)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $37.67 and traded as high as $41.23. Financial Select Sector SPDR Fund shares last traded at $41.16, with a volume of 36,480,938 shares changing hands.

Financial Select Sector SPDR Fund Stock Performance

The business’s 50 day moving average is $40.71 and its 200-day moving average is $37.67. The firm has a market capitalization of $38.07 billion, a price-to-earnings ratio of 18.09 and a beta of 0.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Able Wealth Management LLC acquired a new stake in Financial Select Sector SPDR Fund in the 4th quarter worth $25,000. ORG Partners LLC grew its position in Financial Select Sector SPDR Fund by 95.8% in the 4th quarter. ORG Partners LLC now owns 742 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 363 shares during the last quarter. Capital Investment Counsel Inc acquired a new stake in Financial Select Sector SPDR Fund in the 3rd quarter worth $25,000. BKM Wealth Management LLC acquired a new stake in Financial Select Sector SPDR Fund in the 4th quarter worth $30,000. Finally, WestEnd Advisors LLC acquired a new stake in Financial Select Sector SPDR Fund in the 3rd quarter worth $26,000.

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.