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

Financial Select Sector SPDR Fund (NYSEARCA:XLF)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $52.70 and traded as high as $55.02. Financial Select Sector SPDR Fund shares last traded at $54.54, with a volume of 34,732,221 shares.

Financial Select Sector SPDR Fund Stock Performance

The stock has a fifty day moving average price of $52.92 and a 200-day moving average price of $52.70. The firm has a market cap of $54.95 billion, a PE ratio of 18.25 and a beta of 0.99.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

Several large investors have recently made changes to their positions in XLF. Brighton Jones LLC raised its position in Financial Select Sector SPDR Fund by 11.9% in the fourth quarter. Brighton Jones LLC now owns 52,998 shares of the exchange traded fund’s stock valued at $2,561,000 after purchasing an additional 5,622 shares during the period. Bison Wealth LLC grew its stake in shares of Financial Select Sector SPDR Fund by 2.8% in the fourth quarter. Bison Wealth LLC now owns 7,640 shares of the exchange traded fund’s stock valued at $369,000 after buying an additional 210 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of Financial Select Sector SPDR Fund during the 1st quarter valued at about $244,000. Russell Investments Group Ltd. lifted its position in Financial Select Sector SPDR Fund by 135.6% during the 1st quarter. Russell Investments Group Ltd. now owns 9,317 shares of the exchange traded fund’s stock worth $464,000 after acquiring an additional 5,363 shares in the last quarter. Finally, Brooklyn Investment Group lifted its position in Financial Select Sector SPDR Fund by 517.8% during the 1st quarter. Brooklyn Investment Group now owns 1,909 shares of the exchange traded fund’s stock worth $95,000 after acquiring an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 72.51% of the company’s stock.

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.