Financial Select Sector SPDR Fund (NYSEARCA:XLF) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Financial Select Sector SPDR Fund (NYSEARCA:XLFGet Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $48.60 and traded as high as $49.83. Financial Select Sector SPDR Fund shares last traded at $49.57, with a volume of 44,279,203 shares changing hands.

Financial Select Sector SPDR Fund Stock Up 1.1 %

The company has a market capitalization of $51.55 billion, a P/E ratio of 16.71 and a beta of 1.06. The business has a fifty day moving average price of $50.38 and a 200 day moving average price of $48.60.

Institutional Trading of Financial Select Sector SPDR Fund

A number of institutional investors have recently modified their holdings of the company. CWC Advisors LLC. lifted its holdings in shares of Financial Select Sector SPDR Fund by 2.2% in the fourth quarter. CWC Advisors LLC. now owns 32,088 shares of the exchange traded fund’s stock valued at $1,551,000 after purchasing an additional 682 shares in the last quarter. 111 Capital bought a new stake in Financial Select Sector SPDR Fund during the fourth quarter worth about $8,092,000. NorthCrest Asset Manangement LLC raised its holdings in Financial Select Sector SPDR Fund by 2.1% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 113,795 shares of the exchange traded fund’s stock worth $5,500,000 after acquiring an additional 2,298 shares in the last quarter. Wealthedge Investment Advisors LLC bought a new stake in Financial Select Sector SPDR Fund during the fourth quarter worth about $1,167,000. Finally, Lighthouse Financial LLC bought a new stake in Financial Select Sector SPDR Fund during the fourth quarter worth about $402,000.

Financial Select Sector SPDR Fund Company Profile

(Get Free Report)

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.

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