Financial Select Sector SPDR Fund (NYSEARCA:XLF) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Financial Select Sector SPDR Fund (NYSEARCA:XLF) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $52.40 and traded as high as $54.03. Financial Select Sector SPDR Fund shares last traded at $53.72, with a volume of 31,610,728 shares changing hands.

Financial Select Sector SPDR Fund Stock Performance

The firm has a 50 day simple moving average of $52.22 and a two-hundred day simple moving average of $52.40. The stock has a market cap of $52.98 billion, a P/E ratio of 18.25 and a beta of 0.86.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cresset Asset Management LLC raised its holdings in shares of Financial Select Sector SPDR Fund by 1.8% in the 3rd quarter. Cresset Asset Management LLC now owns 212,380 shares of the exchange traded fund’s stock worth $11,441,000 after purchasing an additional 3,821 shares in the last quarter. Bellwether Advisors LLC boosted its holdings in Financial Select Sector SPDR Fund by 7.6% during the third quarter. Bellwether Advisors LLC now owns 447,938 shares of the exchange traded fund’s stock worth $24,130,000 after buying an additional 31,661 shares in the last quarter. Insigneo Advisory Services LLC boosted its holdings in Financial Select Sector SPDR Fund by 5.0% during the third quarter. Insigneo Advisory Services LLC now owns 67,845 shares of the exchange traded fund’s stock worth $3,655,000 after buying an additional 3,258 shares in the last quarter. Fiduciary Group LLC grew its position in Financial Select Sector SPDR Fund by 7.2% in the third quarter. Fiduciary Group LLC now owns 47,326 shares of the exchange traded fund’s stock worth $2,549,000 after buying an additional 3,188 shares during the last quarter. Finally, Claro Advisors LLC grew its position in Financial Select Sector SPDR Fund by 11.7% in the third quarter. Claro Advisors LLC now owns 19,620 shares of the exchange traded fund’s stock worth $1,057,000 after buying an additional 2,062 shares during the last quarter. 72.51% of the stock is currently owned by institutional investors.

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.