Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Hits New 52-Week High – Here’s What Happened

Health Care Select Sector SPDR Fund (NYSEARCA:XLV)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $165.61 and last traded at $164.44, with a volume of 12123762 shares changing hands. The stock had previously closed at $161.96.

Health Care Select Sector SPDR Fund Stock Up 1.5%

The firm’s 50 day simple moving average is $150.85 and its 200 day simple moving average is $152.28. The company has a market cap of $42.29 billion, a price-to-earnings ratio of 21.15 and a beta of 0.56.

Institutional Investors Weigh In On Health Care Select Sector SPDR Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its position in Health Care Select Sector SPDR Fund by 11.7% in the 1st quarter. Bank of America Corp DE now owns 31,021,559 shares of the exchange traded fund’s stock worth $4,548,071,000 after purchasing an additional 3,259,957 shares during the period. JPMorgan Chase & Co. boosted its position in Health Care Select Sector SPDR Fund by 21.4% during the fourth quarter. JPMorgan Chase & Co. now owns 16,768,323 shares of the exchange traded fund’s stock valued at $2,595,737,000 after buying an additional 2,957,648 shares during the period. Focus Partners Wealth grew its stake in shares of Health Care Select Sector SPDR Fund by 191.2% during the third quarter. Focus Partners Wealth now owns 2,739,901 shares of the exchange traded fund’s stock valued at $381,315,000 after buying an additional 1,799,103 shares during the last quarter. Rokos Capital Management LLP bought a new position in shares of Health Care Select Sector SPDR Fund during the fourth quarter valued at about $256,589,000. Finally, State Street Corp grew its stake in shares of Health Care Select Sector SPDR Fund by 897.6% during the second quarter. State Street Corp now owns 1,325,623 shares of the exchange traded fund’s stock valued at $178,681,000 after buying an additional 1,192,747 shares during the last quarter.

About Health Care Select Sector SPDR Fund

Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500). The Health Care Select Sector Index includes companies from the industries, such as pharmaceuticals, healthcare providers and services, healthcare equipment and supplies, biotechnology, life sciences tools and services, and healthcare technology.