Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Reaches New 12-Month High – Time to Buy?

Shares of Health Care Select Sector SPDR Fund (NYSEARCA:XLV) hit a new 52-week high on Thursday . The stock traded as high as $161.47 and last traded at $161.8010, with a volume of 1170678 shares trading hands. The stock had previously closed at $159.54.

Health Care Select Sector SPDR Fund Price Performance

The stock has a 50 day moving average of $150.13 and a 200 day moving average of $152.18. The company has a market capitalization of $41.70 billion, a price-to-earnings ratio of 21.15 and a beta of 0.56.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Principle Wealth Partners LLC raised its stake in Health Care Select Sector SPDR Fund by 0.3% during the fourth quarter. Principle Wealth Partners LLC now owns 20,489 shares of the exchange traded fund’s stock worth $3,172,000 after buying an additional 64 shares during the last quarter. Cambria Investment Management L.P. boosted its position in Health Care Select Sector SPDR Fund by 1.5% during the third quarter. Cambria Investment Management L.P. now owns 4,597 shares of the exchange traded fund’s stock valued at $640,000 after acquiring an additional 66 shares during the last quarter. Southeast Asset Advisors LLC boosted its position in Health Care Select Sector SPDR Fund by 3.9% during the fourth quarter. Southeast Asset Advisors LLC now owns 1,756 shares of the exchange traded fund’s stock valued at $272,000 after acquiring an additional 66 shares during the last quarter. Thompson Davis & CO. Inc. boosted its position in Health Care Select Sector SPDR Fund by 3.0% during the fourth quarter. Thompson Davis & CO. Inc. now owns 2,334 shares of the exchange traded fund’s stock valued at $361,000 after acquiring an additional 67 shares during the last quarter. Finally, Paragon Capital Management Ltd grew its holdings in Health Care Select Sector SPDR Fund by 3.9% during the 4th quarter. Paragon Capital Management Ltd now owns 1,791 shares of the exchange traded fund’s stock worth $277,000 after acquiring an additional 68 shares during the period.

About Health Care Select Sector SPDR Fund

Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500). The Health Care Select Sector Index includes companies from the industries, such as pharmaceuticals, healthcare providers and services, healthcare equipment and supplies, biotechnology, life sciences tools and services, and healthcare technology.