Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Shares Pass Above 50 Day Moving Average – What’s Next?

Industrial Select Sector SPDR Fund (NYSEARCA:XLI)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $156.14 and traded as high as $167.20. Industrial Select Sector SPDR Fund shares last traded at $166.90, with a volume of 13,451,717 shares changing hands.

Industrial Select Sector SPDR Fund Trading Up 0.7%

The firm has a fifty day simple moving average of $156.14 and a two-hundred day simple moving average of $153.64. The firm has a market cap of $28.38 billion, a PE ratio of 24.30 and a beta of 1.07.

Institutional Trading of Industrial Select Sector SPDR Fund

Several large investors have recently added to or reduced their stakes in XLI. JPMorgan Chase & Co. raised its holdings in Industrial Select Sector SPDR Fund by 3.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,458,001 shares of the exchange traded fund’s stock worth $1,612,938,000 after purchasing an additional 354,496 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Industrial Select Sector SPDR Fund by 18.4% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,609,306 shares of the exchange traded fund’s stock valued at $532,441,000 after buying an additional 560,540 shares during the period. Menora Mivtachim Holdings LTD. raised its stake in Industrial Select Sector SPDR Fund by 51.5% in the third quarter. Menora Mivtachim Holdings LTD. now owns 3,528,840 shares of the exchange traded fund’s stock worth $544,253,000 after buying an additional 1,200,000 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Industrial Select Sector SPDR Fund by 3.4% in the third quarter. Fisher Asset Management LLC now owns 3,017,301 shares of the exchange traded fund’s stock worth $465,358,000 after buying an additional 99,099 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Industrial Select Sector SPDR Fund by 14.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,012,609 shares of the exchange traded fund’s stock valued at $444,475,000 after acquiring an additional 370,730 shares in the last quarter.

Industrial Select Sector SPDR Fund Company Profile

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.