Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) Hits New 1-Year High at $83.84

Communication Services Select Sector SPDR Fund (NYSEARCA:XLCGet Free Report) shares hit a new 52-week high on Monday . The stock traded as high as $83.84 and last traded at $83.83, with a volume of 527268 shares traded. The stock had previously closed at $83.26.

Communication Services Select Sector SPDR Fund Stock Up 0.4 %

The stock has a market capitalization of $18.36 billion, a P/E ratio of 29.67 and a beta of 1.15. The stock’s 50 day moving average price is $81.47 and its 200-day moving average price is $77.52.

Institutional Investors Weigh In On Communication Services Select Sector SPDR Fund

Hedge funds have recently made changes to their positions in the stock. Atria Wealth Solutions Inc. lifted its position in Communication Services Select Sector SPDR Fund by 6.1% during the third quarter. Atria Wealth Solutions Inc. now owns 17,026 shares of the company’s stock valued at $1,116,000 after acquiring an additional 978 shares during the last quarter. Sykon Capital LLC lifted its holdings in shares of Communication Services Select Sector SPDR Fund by 85.4% during the 3rd quarter. Sykon Capital LLC now owns 66,035 shares of the company’s stock valued at $4,330,000 after purchasing an additional 30,408 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Communication Services Select Sector SPDR Fund by 61.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,302,412 shares of the company’s stock worth $150,969,000 after purchasing an additional 874,800 shares in the last quarter. Huntington National Bank grew its stake in Communication Services Select Sector SPDR Fund by 14.4% during the 3rd quarter. Huntington National Bank now owns 6,936 shares of the company’s stock worth $455,000 after buying an additional 875 shares during the last quarter. Finally, Wade G W & Inc. increased its position in Communication Services Select Sector SPDR Fund by 3.7% during the 3rd quarter. Wade G W & Inc. now owns 16,406 shares of the company’s stock valued at $1,076,000 after buying an additional 579 shares in the last quarter.

Communication Services Select Sector SPDR Fund Company Profile

(Get Free Report)

The Communication Services Select Sector SPDR Fund (XLC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of US telecommunication and media & entertainment components of the S&P 500 index. XLC was launched on Jun 18, 2018 and is managed by State Street.

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