Financial Select Sector SPDR Fund (NYSEARCA:XLF) Shares Pass Above 200-Day Moving Average – What’s Next?

Financial Select Sector SPDR Fund (NYSEARCA:XLF) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $52.40 and traded as high as $54.03. Financial Select Sector SPDR Fund shares last traded at $53.72, with a volume of 31,610,728 shares traded.

Financial Select Sector SPDR Fund Stock Performance

The company’s fifty day moving average is $52.25 and its two-hundred day moving average is $52.39. The company has a market cap of $52.18 billion, a price-to-earnings ratio of 18.25 and a beta of 0.86.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in XLF. Wexford Capital LP acquired a new stake in shares of Financial Select Sector SPDR Fund in the 3rd quarter worth $29,000. Aventura Private Wealth LLC purchased a new stake in shares of Financial Select Sector SPDR Fund in the fourth quarter valued at about $31,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of Financial Select Sector SPDR Fund in the fourth quarter valued at about $35,000. EQ Wealth Advisors LLC acquired a new stake in Financial Select Sector SPDR Fund during the fourth quarter worth about $39,000. Finally, Richards Merrill & Peterson Inc. acquired a new stake in Financial Select Sector SPDR Fund during the fourth quarter worth about $40,000. 72.51% of the stock is owned by institutional investors and hedge funds.

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.