Financial Select Sector SPDR Fund (NYSEARCA:XLF) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Financial Select Sector SPDR Fund (NYSEARCA:XLF) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $49.58 and traded as high as $51.36. Financial Select Sector SPDR Fund shares last traded at $51.00, with a volume of 28,292,680 shares.

Financial Select Sector SPDR Fund Stock Down 0.5%

The company has a market cap of $49.69 billion, a PE ratio of 17.31 and a beta of 1.00. The business’s fifty day moving average is $48.84 and its 200-day moving average is $49.58.

Hedge Funds Weigh In On Financial Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Soltis Investment Advisors LLC lifted its holdings in Financial Select Sector SPDR Fund by 4.4% during the fourth quarter. Soltis Investment Advisors LLC now owns 31,741 shares of the exchange traded fund’s stock valued at $1,534,000 after purchasing an additional 1,331 shares in the last quarter. Cornerstone Planning Group LLC raised its position in shares of Financial Select Sector SPDR Fund by 237.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 823 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 579 shares during the last quarter. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Financial Select Sector SPDR Fund during the fourth quarter valued at approximately $146,000. Ferguson Wellman Capital Management Inc. raised its position in shares of Financial Select Sector SPDR Fund by 3.2% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 122,170 shares of the exchange traded fund’s stock valued at $5,904,000 after buying an additional 3,823 shares during the last quarter. Finally, Activest Wealth Management raised its position in shares of Financial Select Sector SPDR Fund by 5.5% during the fourth quarter. Activest Wealth Management now owns 61,054 shares of the exchange traded fund’s stock valued at $2,951,000 after buying an additional 3,183 shares during the last quarter.

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.