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

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) shares reached a new 52-week high during trading on Monday . The stock traded as high as $178.46 and last traded at $177.4740, with a volume of 9093787 shares traded. The stock had previously closed at $177.14.

Industrial Select Sector SPDR Fund Price Performance

The stock has a market cap of $29.79 billion, a price-to-earnings ratio of 24.30 and a beta of 1.07. The company’s fifty day moving average price is $167.25 and its 200-day moving average price is $158.05.

Institutional Trading of Industrial Select Sector SPDR Fund

Several large investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its position in Industrial Select Sector SPDR Fund by 118.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 164 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 89 shares during the last quarter. Richards Merrill & Peterson Inc. acquired a new stake in shares of Industrial Select Sector SPDR Fund in the fourth quarter worth $25,000. Ankerstar Wealth LLC purchased a new position in shares of Industrial Select Sector SPDR Fund during the fourth quarter worth $25,000. Financial Network Wealth Advisors LLC lifted its position in Industrial Select Sector SPDR Fund by 148.1% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 117 shares during the period. Finally, Chung Wu Investment Group LLC acquired a new position in Industrial Select Sector SPDR Fund during the third quarter valued at $31,000.

Industrial Select Sector SPDR Fund Company Profile

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.