Financial Select Sector SPDR Fund (NYSEARCA:XLF) Share Price Crosses Above Two Hundred Day Moving Average of $38.23

Financial Select Sector SPDR Fund (NYSEARCA:XLF) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $38.23 and traded as high as $41.67. Financial Select Sector SPDR Fund shares last traded at $41.66, with a volume of 31,583,012 shares trading hands.

Financial Select Sector SPDR Fund Stock Up 0.7 %

The company has a market cap of $38.84 billion, a price-to-earnings ratio of 18.32 and a beta of 0.83. The firm has a 50 day moving average price of $40.92 and a two-hundred day moving average price of $38.23.

Institutional Trading of Financial Select Sector SPDR Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clearview Wealth Advisors LLC boosted its position in shares of Financial Select Sector SPDR Fund by 2,193.7% during the 3rd quarter. Clearview Wealth Advisors LLC now owns 18,074 shares of the exchange traded fund’s stock valued at $600,000 after purchasing an additional 17,286 shares in the last quarter. Raab & Moskowitz Asset Management LLC lifted its stake in Financial Select Sector SPDR Fund by 8.6% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 10,319 shares of the exchange traded fund’s stock valued at $342,000 after buying an additional 816 shares during the period. Congress Wealth Management LLC DE boosted its holdings in shares of Financial Select Sector SPDR Fund by 5.0% during the 3rd quarter. Congress Wealth Management LLC DE now owns 1,716,711 shares of the exchange traded fund’s stock worth $56,943,000 after buying an additional 81,303 shares in the last quarter. Sandy Spring Bank grew its position in shares of Financial Select Sector SPDR Fund by 0.3% during the 3rd quarter. Sandy Spring Bank now owns 128,550 shares of the exchange traded fund’s stock worth $4,264,000 after buying an additional 341 shares during the period. Finally, Narus Financial Partners LLC increased its stake in shares of Financial Select Sector SPDR Fund by 11.2% in the 3rd quarter. Narus Financial Partners LLC now owns 23,103 shares of the exchange traded fund’s stock valued at $766,000 after acquiring an additional 2,328 shares in the last quarter.

Financial Select Sector SPDR Fund Company Profile

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.