Financial Select Sector SPDR Fund (NYSEARCA:XLF) Shares Pass Above 200 Day Moving Average of $27.23

Financial Select Sector SPDR Fund (NYSEARCA:XLF)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.23 and traded as high as $28.20. Financial Select Sector SPDR Fund shares last traded at $27.60, with a volume of 2,336,813 shares traded.

The stock has a 50 day simple moving average of $27.33 and a two-hundred day simple moving average of $27.23.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Smith Salley & Associates raised its holdings in Financial Select Sector SPDR Fund by 1.0% in the 2nd quarter. Smith Salley & Associates now owns 37,558 shares of the exchange traded fund’s stock valued at $1,037,000 after acquiring an additional 358 shares in the last quarter. Enterprise Financial Services Corp grew its position in Financial Select Sector SPDR Fund by 18.9% during the 2nd quarter. Enterprise Financial Services Corp now owns 2,377 shares of the exchange traded fund’s stock worth $66,000 after acquiring an additional 377 shares during the last quarter. Magnus Financial Group LLC grew its position in Financial Select Sector SPDR Fund by 0.5% during the 2nd quarter. Magnus Financial Group LLC now owns 81,756 shares of the exchange traded fund’s stock worth $2,256,000 after acquiring an additional 393 shares during the last quarter. First Heartland Consultants Inc. grew its position in Financial Select Sector SPDR Fund by 2.5% during the 2nd quarter. First Heartland Consultants Inc. now owns 16,454 shares of the exchange traded fund’s stock worth $454,000 after acquiring an additional 395 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in Financial Select Sector SPDR Fund by 54.1% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,156 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 406 shares during the last quarter.

About Financial Select Sector SPDR Fund (NYSEARCA:XLF)

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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