Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Sets New 52-Week High – Still a Buy?

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) shares hit a new 52-week high on Thursday. The stock traded as high as $184.85 and last traded at $183.9120, with a volume of 2,091,190 shares trading hands. The stock had previously closed at $179.72.

Health Care Select Sector SPDR Fund Trading Up 2.1%

The company has a market cap of $47.82 billion, a PE ratio of 21.15 and a beta of 0.55. The business has a 50 day simple moving average of $171.80 and a two-hundred day simple moving average of $158.52.

Hedge Funds Weigh In On Health Care Select Sector SPDR Fund

Several institutional investors have recently added to or reduced their stakes in XLV. 4WEALTH Advisors Inc. grew its holdings in Health Care Select Sector SPDR Fund by 8.8% in the first quarter. 4WEALTH Advisors Inc. now owns 8,570 shares of the exchange traded fund’s stock valued at $1,233,000 after purchasing an additional 696 shares during the period. Platform Technology Partners increased its position in Health Care Select Sector SPDR Fund by 41.1% during the first quarter. Platform Technology Partners now owns 7,222 shares of the exchange traded fund’s stock worth $1,059,000 after purchasing an additional 2,104 shares during the last quarter. Deltec Asset Management LLC boosted its holdings in shares of Health Care Select Sector SPDR Fund by 8.9% in the 1st quarter. Deltec Asset Management LLC now owns 35,500 shares of the exchange traded fund’s stock valued at $5,205,000 after purchasing an additional 2,890 shares during the last quarter. Barnes Pettey Financial Advisors LLC grew its stake in shares of Health Care Select Sector SPDR Fund by 6.2% during the 1st quarter. Barnes Pettey Financial Advisors LLC now owns 2,496 shares of the exchange traded fund’s stock valued at $366,000 after buying an additional 145 shares during the period. Finally, Keystone Global Partners LLC grew its stake in shares of Health Care Select Sector SPDR Fund by 35.4% during the 1st quarter. Keystone Global Partners LLC now owns 65,723 shares of the exchange traded fund’s stock valued at $9,636,000 after buying an additional 17,195 shares during the period.

Health Care Select Sector SPDR Fund Company Profile

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.