Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Share Price Passes Above 50-Day Moving Average – Here’s Why

Industrial Select Sector SPDR Fund (NYSEARCA:XLI)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $168.44 and traded as high as $171.40. Industrial Select Sector SPDR Fund shares last traded at $170.94, with a volume of 19,442,932 shares trading hands.

Industrial Select Sector SPDR Fund Price Performance

The company has a market capitalization of $28.92 billion, a price-to-earnings ratio of 24.30 and a beta of 1.07. The stock has a 50-day moving average price of $168.44 and a 200-day moving average price of $158.64.

Institutional Investors Weigh In On Industrial Select Sector SPDR Fund

Several hedge funds have recently added to or reduced their stakes in XLI. JPMorgan Chase & Co. increased its holdings in shares of Industrial Select Sector SPDR Fund by 3.5% in the third quarter. JPMorgan Chase & Co. now owns 10,458,001 shares of the exchange traded fund’s stock valued at $1,612,938,000 after purchasing an additional 354,496 shares during the last quarter. Morgan Stanley lifted its stake in shares of Industrial Select Sector SPDR Fund by 9.2% during the 4th quarter. Morgan Stanley now owns 9,884,699 shares of the exchange traded fund’s stock worth $1,533,315,000 after buying an additional 835,625 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Industrial Select Sector SPDR Fund by 31.6% during the 4th quarter. Wells Fargo & Company MN now owns 6,607,181 shares of the exchange traded fund’s stock worth $1,024,906,000 after buying an additional 1,585,209 shares during the period. LPL Financial LLC boosted its holdings in shares of Industrial Select Sector SPDR Fund by 2.4% during the 4th quarter. LPL Financial LLC now owns 4,914,079 shares of the exchange traded fund’s stock worth $762,272,000 after buying an additional 114,153 shares during the period. Finally, Phoenix Financial Ltd. grew its stake in Industrial Select Sector SPDR Fund by 159.8% in the 4th quarter. Phoenix Financial Ltd. now owns 3,950,353 shares of the exchange traded fund’s stock valued at $612,778,000 after buying an additional 2,430,047 shares during the last quarter.

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.