Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) Trading Up 0.7% – Here’s What Happened

Communication Services Select Sector SPDR Fund (NYSEARCA:XLC)’s share price rose 0.7% during trading on Monday . The stock traded as high as $118.01 and last traded at $117.77. Approximately 4,763,756 shares were traded during trading, a decline of 26% from the average daily volume of 6,419,955 shares. The stock had previously closed at $116.96.

Communication Services Select Sector SPDR Fund Price Performance

The company has a market capitalization of $27.09 billion, a price-to-earnings ratio of 19.19 and a beta of 1.02. The stock has a fifty day simple moving average of $116.01 and a 200-day simple moving average of $113.89.

Hedge Funds Weigh In On Communication Services Select Sector SPDR Fund

Several large investors have recently made changes to their positions in XLC. Zullo Investment Group Inc. boosted its holdings in Communication Services Select Sector SPDR Fund by 1.0% during the fourth quarter. Zullo Investment Group Inc. now owns 29,559 shares of the company’s stock worth $3,480,000 after buying an additional 285 shares in the last quarter. Moss Adams Wealth Advisors LLC raised its position in shares of Communication Services Select Sector SPDR Fund by 0.9% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 477,887 shares of the company’s stock worth $56,257,000 after acquiring an additional 4,473 shares during the period. Capitol Family Office Inc. boosted its stake in shares of Communication Services Select Sector SPDR Fund by 6.3% during the 4th quarter. Capitol Family Office Inc. now owns 12,507 shares of the company’s stock worth $1,472,000 after acquiring an additional 738 shares in the last quarter. Merit Financial Group LLC grew its position in shares of Communication Services Select Sector SPDR Fund by 4.5% during the 4th quarter. Merit Financial Group LLC now owns 61,127 shares of the company’s stock valued at $7,196,000 after acquiring an additional 2,652 shares during the period. Finally, Welch Group LLC grew its position in shares of Communication Services Select Sector SPDR Fund by 27.6% during the 4th quarter. Welch Group LLC now owns 5,084 shares of the company’s stock valued at $598,000 after acquiring an additional 1,099 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.