Traders purchased shares of Financial Select Sector SPDR Fund (NYSEARCA:XLF) on weakness during trading on Thursday. $333.64 million flowed into the stock on the tick-up and $279.82 million flowed out of the stock on the tick-down, for a money net flow of $53.82 million into the stock. Of all stocks tracked, Financial Select Sector SPDR Fund had the 31st highest net in-flow for the day. Financial Select Sector SPDR Fund traded down ($0.36) for the day and closed at $25.60

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP increased its holdings in Financial Select Sector SPDR Fund by 1,104.1% in the third quarter. Marshall Wace LLP now owns 572,931 shares of the exchange traded fund’s stock valued at $15,801,000 after purchasing an additional 525,351 shares during the last quarter. Matthew Goff Investment Advisor LLC bought a new stake in Financial Select Sector SPDR Fund in the third quarter valued at about $947,000. GFS Advisors LLC increased its holdings in Financial Select Sector SPDR Fund by 31.2% in the third quarter. GFS Advisors LLC now owns 57,519 shares of the exchange traded fund’s stock valued at $1,586,000 after purchasing an additional 13,669 shares during the last quarter. Carnegie Capital Asset Management LLC increased its holdings in Financial Select Sector SPDR Fund by 62.1% in the third quarter. Carnegie Capital Asset Management LLC now owns 291,035 shares of the exchange traded fund’s stock valued at $7,775,000 after purchasing an additional 111,458 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its holdings in Financial Select Sector SPDR Fund by 13.7% in the third quarter. Belpointe Asset Management LLC now owns 50,486 shares of the exchange traded fund’s stock valued at $1,392,000 after purchasing an additional 6,092 shares during the last quarter.

TRADEMARK VIOLATION NOTICE: “Investors Buy Financial Select Sector SPDR Fund (XLF) on Weakness” was first published by Watch List News and is owned by of Watch List News. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.watchlistnews.com/investors-buy-financial-select-sector-spdr-fund-xlf-on-weakness-2/2671230.html.

Financial Select Sector SPDR Fund Company Profile (NYSEARCA:XLF)

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.

See Also: How does the Federal Reserve determine interest rates?

Receive News & Ratings for Financial Select Sector SPDR Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Financial Select Sector SPDR Fund and related companies with MarketBeat.com's FREE daily email newsletter.