Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) Stock Price Up 0.1%

Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) was up 0.1% on Monday . The company traded as high as $80.22 and last traded at $79.58. Approximately 5,457,047 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 6,115,628 shares. The stock had previously closed at $79.47.

Communication Services Select Sector SPDR Fund Trading Up 0.1 %

The firm has a market capitalization of $18.02 billion, a PE ratio of 30.32 and a beta of 1.20. The business’s 50 day simple moving average is $80.45 and its two-hundred day simple moving average is $74.58.

Institutional Investors Weigh In On Communication Services Select Sector SPDR Fund

A number of hedge funds have recently modified their holdings of the business. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Communication Services Select Sector SPDR Fund during the 4th quarter valued at about $25,000. Headlands Technologies LLC bought a new position in Communication Services Select Sector SPDR Fund in the 3rd quarter worth about $25,000. Windsor Advisory Group LLC bought a new position in Communication Services Select Sector SPDR Fund in the 4th quarter worth about $28,000. Capital Investment Advisory Services LLC boosted its stake in shares of Communication Services Select Sector SPDR Fund by 4,775.0% during the fourth quarter. Capital Investment Advisory Services LLC now owns 390 shares of the company’s stock valued at $28,000 after purchasing an additional 382 shares in the last quarter. Finally, WestHill Financial Advisors Inc. bought a new position in shares of Communication Services Select Sector SPDR Fund during the third quarter valued at approximately $26,000.

About Communication Services Select Sector SPDR Fund

The Communication Services Select Sector SPDR Fund (XLC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of US telecommunication and media & entertainment components of the S&P 500 index. XLC was launched on Jun 18, 2018 and is managed by State Street.