Financial Select Sector SPDR Fund (NYSEARCA:XLF) Shares Cross Above 200-Day Moving Average – Time to Sell?

Financial Select Sector SPDR Fund (NYSEARCA:XLF) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $49.59 and traded as high as $51.60. Financial Select Sector SPDR Fund shares last traded at $51.41, with a volume of 33,052,440 shares trading hands.

Financial Select Sector SPDR Fund Stock Performance

The business’s fifty day moving average price is $49.97 and its 200-day moving average price is $49.59. The stock has a market cap of $49.14 billion, a PE ratio of 18.25 and a beta of 1.00.

Institutional Trading of Financial Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of XLF. Copia Wealth Management purchased a new position in shares of Financial Select Sector SPDR Fund in the fourth quarter valued at about $27,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Financial Select Sector SPDR Fund during the first quarter valued at approximately $27,000. North Capital Inc. purchased a new position in shares of Financial Select Sector SPDR Fund in the first quarter worth $27,000. Flagship Wealth Advisors LLC bought a new position in shares of Financial Select Sector SPDR Fund during the fourth quarter worth $28,000. Finally, Family Management Corp bought a new position in shares of Financial Select Sector SPDR Fund during the fourth quarter worth $28,000.

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.