Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) Reaches New 1-Year High at $87.04

Communication Services Select Sector SPDR Fund (NYSEARCA:XLCGet Free Report)’s share price reached a new 52-week high on Friday . The company traded as high as $87.04 and last traded at $87.03, with a volume of 1104420 shares. The stock had previously closed at $86.09.

Communication Services Select Sector SPDR Fund Stock Performance

The company’s 50 day simple moving average is $83.35 and its 200-day simple moving average is $79.92. The firm has a market capitalization of $19.21 billion, a PE ratio of 29.67 and a beta of 1.15.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of XLC. Boltwood Capital Management lifted its stake in Communication Services Select Sector SPDR Fund by 0.6% during the first quarter. Boltwood Capital Management now owns 20,430 shares of the company’s stock worth $1,668,000 after purchasing an additional 125 shares during the last quarter. Scotia Capital Inc. lifted its position in Communication Services Select Sector SPDR Fund by 1.5% in the 4th quarter. Scotia Capital Inc. now owns 9,718 shares of the company’s stock worth $706,000 after buying an additional 142 shares during the last quarter. Byrne Asset Management LLC boosted its stake in Communication Services Select Sector SPDR Fund by 7.4% in the first quarter. Byrne Asset Management LLC now owns 2,189 shares of the company’s stock worth $179,000 after buying an additional 150 shares in the last quarter. Pure Financial Advisors LLC grew its position in Communication Services Select Sector SPDR Fund by 3.4% during the fourth quarter. Pure Financial Advisors LLC now owns 4,650 shares of the company’s stock valued at $338,000 after acquiring an additional 151 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its stake in shares of Communication Services Select Sector SPDR Fund by 1.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 10,631 shares of the company’s stock worth $772,000 after acquiring an additional 153 shares in the last quarter.

About Communication Services Select Sector SPDR Fund

(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.

Further Reading

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