Financial Select Sector SPDR Fund (NYSEARCA:XLF) Stock Price Passes Above 200-Day Moving Average of $37.95

Financial Select Sector SPDR Fund (NYSEARCA:XLF) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $37.95 and traded as high as $40.85. Financial Select Sector SPDR Fund shares last traded at $40.34, with a volume of 54,711,865 shares.

Financial Select Sector SPDR Fund Price Performance

The firm has a fifty day moving average price of $40.85 and a two-hundred day moving average price of $37.95. The stock has a market capitalization of $37.60 billion, a PE ratio of 18.32 and a beta of 0.83.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. National Bank of Canada FI boosted its position in Financial Select Sector SPDR Fund by 39.4% during the 4th quarter. National Bank of Canada FI now owns 20,680,311 shares of the exchange traded fund’s stock valued at $780,889,000 after acquiring an additional 5,848,028 shares in the last quarter. Bank of Nova Scotia boosted its position in Financial Select Sector SPDR Fund by 262.6% during the 3rd quarter. Bank of Nova Scotia now owns 15,244,756 shares of the exchange traded fund’s stock valued at $506,909,000 after acquiring an additional 11,040,358 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Financial Select Sector SPDR Fund by 61.9% during the 3rd quarter. Canada Pension Plan Investment Board now owns 11,250,000 shares of the exchange traded fund’s stock valued at $373,162,000 after acquiring an additional 4,300,000 shares in the last quarter. MKP Capital Management L.L.C. boosted its position in Financial Select Sector SPDR Fund by 167.2% during the 4th quarter. MKP Capital Management L.L.C. now owns 10,842,400 shares of the exchange traded fund’s stock valued at $407,674,000 after acquiring an additional 6,784,428 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp boosted its position in Financial Select Sector SPDR Fund by 21.8% during the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 8,632,444 shares of the exchange traded fund’s stock valued at $363,599,000 after acquiring an additional 1,542,640 shares in the last quarter.

About Financial Select Sector SPDR Fund

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.