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

Financial Select Sector SPDR Fund (NYSEARCA:XLF) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $53.44 and traded as high as $54.35. Financial Select Sector SPDR Fund shares last traded at $54.26, with a volume of 53,052,894 shares.

Financial Select Sector SPDR Fund Stock Performance

The company has a market cap of $56.13 billion, a P/E ratio of 18.25 and a beta of 0.99. The stock has a 50 day moving average price of $54.38 and a 200 day moving average price of $53.44.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Greykasell Wealth Strategies Inc. purchased a new stake in Financial Select Sector SPDR Fund in the 3rd quarter worth about $29,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Financial Select Sector SPDR Fund in the third quarter worth approximately $29,000. Wexford Capital LP purchased a new stake in shares of Financial Select Sector SPDR Fund in the third quarter worth approximately $29,000. Aventura Private Wealth LLC acquired a new stake in shares of Financial Select Sector SPDR Fund during the fourth quarter worth approximately $31,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in Financial Select Sector SPDR Fund during the third quarter valued at approximately $39,000. 72.51% of the stock is currently 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.