Financial Select Sector SPDR Fund (NYSEARCA:XLF) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Financial Select Sector SPDR Fund (NYSEARCA:XLF)’s share price passed 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 Price Performance

The firm has a market capitalization of $52.60 billion, a price-to-earnings 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 Trading of Financial Select Sector SPDR Fund

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in shares of Financial Select Sector SPDR Fund by 16.4% in the third quarter. JPMorgan Chase & Co. now owns 133,084,547 shares of the exchange traded fund’s stock worth $7,169,265,000 after buying an additional 18,724,516 shares during the last quarter. Bank of America Corp DE increased its position in Financial Select Sector SPDR Fund by 22.9% during the fourth quarter. Bank of America Corp DE now owns 80,614,166 shares of the exchange traded fund’s stock worth $4,415,238,000 after acquiring an additional 15,014,591 shares during the period. Focus Partners Wealth increased its position in Financial Select Sector SPDR Fund by 1,130.6% during the third quarter. Focus Partners Wealth now owns 10,987,886 shares of the exchange traded fund’s stock worth $591,917,000 after acquiring an additional 10,095,014 shares during the period. PGIM Custom Harvest LLC bought a new position in Financial Select Sector SPDR Fund during the third quarter worth $542,917,000. Finally, Two Sigma Investments LP increased its position in Financial Select Sector SPDR Fund by 478.6% during the third quarter. Two Sigma Investments LP now owns 10,814,100 shares of the exchange traded fund’s stock worth $582,556,000 after acquiring an additional 8,945,030 shares during the period. 72.51% of the stock is currently owned by institutional investors and hedge funds.

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.