Financial Select Sector SPDR Fund (NYSEARCA:XLF) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Financial Select Sector SPDR Fund (NYSEARCA:XLF)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $52.35 and traded as high as $53.55. Financial Select Sector SPDR Fund shares last traded at $53.34, with a volume of 50,992,460 shares traded.

Financial Select Sector SPDR Fund Trading Up 1.4%

The stock has a market capitalization of $52.60 billion, a P/E ratio of 18.25 and a beta of 0.86. The firm’s fifty day moving average is $51.59 and its 200-day moving average is $52.35.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of XLF. Brighton Jones LLC boosted its stake 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 worth $2,561,000 after purchasing an additional 5,622 shares in the last quarter. Bison Wealth LLC grew its holdings in shares of Financial Select Sector SPDR Fund by 2.8% during the fourth quarter. Bison Wealth LLC now owns 7,640 shares of the exchange traded fund’s stock worth $369,000 after purchasing an additional 210 shares during the last quarter. AQR Capital Management LLC increased 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 $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% in the first 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 last quarter. Institutional investors 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.