Financial Select Sector SPDR Fund (NYSEARCA:XLF) Sets New 52-Week High – Here’s What Happened

Financial Select Sector SPDR Fund (NYSEARCA:XLF)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $58.52 and last traded at $58.34, with a volume of 3260162 shares. The stock had previously closed at $57.66.

Financial Select Sector SPDR Fund Trading Down 0.8%

The stock’s 50-day moving average is $56.90 and its 200-day moving average is $53.30. The stock has a market cap of $58.73 billion, a price-to-earnings ratio of 18.25 and a beta of 0.85.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

Large investors have recently made changes to their positions in the business. Brighton Jones LLC raised its position in Financial Select Sector SPDR Fund by 11.9% in the fourth quarter. Brighton Jones LLC now owns 52,998 shares of the exchange traded fund’s stock valued at $2,561,000 after purchasing an additional 5,622 shares during the period. Bison Wealth LLC boosted its position in shares of Financial Select Sector SPDR Fund by 2.8% in the fourth quarter. Bison Wealth LLC now owns 7,640 shares of the exchange traded fund’s stock worth $369,000 after buying an additional 210 shares during the period. AQR Capital Management LLC grew its stake in shares of Financial Select Sector SPDR Fund by 57.8% in the first quarter. AQR Capital Management LLC now owns 40,546 shares of the exchange traded fund’s stock valued at $2,020,000 after buying an additional 14,844 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Financial Select Sector SPDR Fund in the first quarter valued at about $2,408,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Financial Select Sector SPDR Fund by 63.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,614 shares of the exchange traded fund’s stock valued at $6,904,000 after buying an additional 53,614 shares during the period. Institutional investors and hedge funds own 72.51% of the company’s stock.

Financial Select Sector SPDR Fund Company Profile

The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.