Financial Select Sector SPDR Fund (NYSEARCA:XLF) Shares Cross Above 200 Day Moving Average of $38.90

Financial Select Sector SPDR Fund (NYSEARCA:XLF) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $38.90 and traded as high as $42.27. Financial Select Sector SPDR Fund shares last traded at $41.94, with a volume of 38,369,032 shares changing hands.

Financial Select Sector SPDR Fund Trading Down 0.6 %

The stock has a 50-day simple moving average of $41.20 and a two-hundred day simple moving average of $38.90. The firm has a market capitalization of $39.10 billion, a P/E ratio of 18.32 and a beta of 0.83.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Able Wealth Management LLC acquired a new position in Financial Select Sector SPDR Fund during the 4th quarter valued at about $25,000. ORG Partners LLC grew its stake in Financial Select Sector SPDR Fund by 95.8% during the 4th quarter. ORG Partners LLC now owns 742 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 363 shares during the last quarter. BKM Wealth Management LLC purchased a new stake in Financial Select Sector SPDR Fund during the 4th quarter valued at about $30,000. Authentikos Wealth Advisory LLC purchased a new stake in Financial Select Sector SPDR Fund during the 3rd quarter valued at about $27,000. Finally, Frazier Financial Advisors LLC purchased a new stake in Financial Select Sector SPDR Fund during the 4th quarter valued at about $32,000.

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.