Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) Stock Price Up 0.1% – Still a Buy?

Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) shares shot up 0.1% on Monday . The company traded as high as $116.60 and last traded at $116.51. 4,293,564 shares changed hands during trading, a decline of 22% from the average session volume of 5,510,777 shares. The stock had previously closed at $116.39.

Communication Services Select Sector SPDR Fund Stock Performance

The stock has a market capitalization of $26.66 billion, a P/E ratio of 19.19 and a beta of 1.02. The stock’s fifty day simple moving average is $113.11 and its two-hundred day simple moving average is $104.67.

Institutional Investors Weigh In On Communication Services Select Sector SPDR Fund

Institutional investors have recently added to or reduced their stakes in the business. Oakworth Capital Inc. bought a new stake in Communication Services Select Sector SPDR Fund during the 1st quarter worth approximately $26,000. Grove Bank & Trust bought a new stake in Communication Services Select Sector SPDR Fund during the 2nd quarter worth approximately $29,000. American National Bank & Trust grew its holdings in Communication Services Select Sector SPDR Fund by 1,011.1% during the 2nd quarter. American National Bank & Trust now owns 300 shares of the company’s stock worth $33,000 after acquiring an additional 273 shares during the last quarter. Nemes Rush Group LLC bought a new stake in Communication Services Select Sector SPDR Fund during the 2nd quarter worth approximately $40,000. Finally, Harbor Investment Advisory LLC lifted its position in shares of Communication Services Select Sector SPDR Fund by 46.6% in the 2nd quarter. Harbor Investment Advisory LLC now owns 384 shares of the company’s stock worth $42,000 after purchasing an additional 122 shares during the period.

Communication Services Select Sector SPDR Fund Company Profile

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.