Financial Select Sector SPDR Fund (NYSEARCA:XLF) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Financial Select Sector SPDR Fund (NYSEARCA:XLF) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $50.62 and traded as high as $53.59. Financial Select Sector SPDR Fund shares last traded at $53.34, with a volume of 38,712,119 shares changing hands.

Financial Select Sector SPDR Fund Stock Up 0.4%

The firm has a market cap of $53.44 billion, a PE ratio of 18.25 and a beta of 1.07. The firm’s 50 day moving average is $52.76 and its 200-day moving average is $50.62.

Hedge Funds Weigh In On Financial Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently modified their holdings of XLF. North Capital Inc. purchased a new position in shares of Financial Select Sector SPDR Fund in the 1st quarter valued at $27,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Financial Select Sector SPDR Fund in the 1st quarter valued at $27,000. Copia Wealth Management acquired a new stake in Financial Select Sector SPDR Fund during the 4th quarter valued at $27,000. Hamilton Point Investment Advisors LLC acquired a new stake in Financial Select Sector SPDR Fund during the 1st quarter valued at $28,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in Financial Select Sector SPDR Fund during the 4th quarter valued at $28,000. 72.51% of the stock is owned by institutional investors and hedge funds.

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.