Financial Select Sector SPDR Fund (NYSEARCA:XLF) is trading above its 200-day moving average of $39.18

During Thursday’s trading, the stock price of the Financial Select Sector SPDR Fund (NYSEARCA:XLF – Get Free Report) rose above its two-hundred-day moving average. The company’s stock has a 200-day moving average of $39.18 and has risen to $41.13. Shares of the Financial Select Sector SPDR Fund last traded at $41.06 with trading volume of 32,769,265 shares.

Stock performance of the Financial Select Sector SPDR fund

The company’s market capitalization is $38.28 billion, its P/E ratio is 18.32 and its beta is 0.83. The company has a 50-day moving average of $41.22 and a 200-day moving average of $39.18.

Hedge funds influence the SPDR Financial Select Sector fund

Hedge funds and other institutional investors have recently increased or decreased their stakes in the industry. Able Wealth Management LLC acquired a new position in shares of Financial Select Sector SPDR Fund during the 4th quarter worth approximately $25,000. ORG Partners LLC increased its exposure to shares of the Financial Select Sector SPDR Fund by 95.8% in the 4th quarter. ORG Partners LLC now owns 742 shares of the exchange-traded fund’s stock valued at $28,000 after purchasing an additional 363 shares in the last quarter. BKM Wealth Management LLC acquired a new position in shares of Financial Select Sector SPDR Fund during the 4th quarter worth approximately $30,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Financial Select Sector SPDR Fund during the third quarter worth approximately $32,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Financial Select Sector SPDR Fund during the 4th quarter worth approximately $32,000.

Information about the Financial Select Sector SPDR fund

(Get the free report)

The Fund seeks to provide investors with a low-cost, passive approach to investing in a portfolio of equity securities of companies represented by the Financial Select Sector Index.

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