Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Reaches New 12-Month High – Still a Buy?

Shares of Industrial Select Sector SPDR Fund (NYSEARCA:XLI) reached a new 52-week high during trading on Friday . The stock traded as high as $178.22 and last traded at $177.2910, with a volume of 4326831 shares. The stock had previously closed at $176.34.

Industrial Select Sector SPDR Fund Price Performance

The company has a market capitalization of $29.94 billion, a PE ratio of 24.30 and a beta of 1.07. The firm has a 50-day moving average of $163.95 and a 200 day moving average of $156.53.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Mcguire Capital Advisors Inc. purchased a new position in Industrial Select Sector SPDR Fund during the fourth quarter valued at $308,000. Axxcess Wealth Management LLC increased its stake in shares of Industrial Select Sector SPDR Fund by 180.7% in the fourth quarter. Axxcess Wealth Management LLC now owns 23,236 shares of the exchange traded fund’s stock worth $3,604,000 after purchasing an additional 14,958 shares in the last quarter. Corient Private Wealth LLC lifted its stake in shares of Industrial Select Sector SPDR Fund by 146.0% during the 4th quarter. Corient Private Wealth LLC now owns 245,433 shares of the exchange traded fund’s stock valued at $38,072,000 after buying an additional 145,650 shares in the last quarter. Jacobs Equity LLC bought a new position in Industrial Select Sector SPDR Fund in the 4th quarter worth $940,000. Finally, CrossGen Wealth LLC bought a new stake in Industrial Select Sector SPDR Fund during the fourth quarter valued at about $289,000.

About Industrial Select Sector SPDR Fund

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.