Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Sets New 1-Year High – Here’s Why

Industrial Select Sector SPDR Fund (NYSEARCA:XLI)’s stock price hit a new 52-week high on Monday . The company traded as high as $186.25 and last traded at $186.1950, with a volume of 957128 shares traded. The stock had previously closed at $183.91.

Industrial Select Sector SPDR Fund Stock Performance

The company has a market capitalization of $33.75 billion, a PE ratio of 24.30 and a beta of 0.98. The stock’s 50 day moving average is $176.14 and its 200 day moving average is $170.18.

Institutional Trading of Industrial Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in XLI. Richards Merrill & Peterson Inc. bought a new stake in shares of Industrial Select Sector SPDR Fund during the fourth quarter valued at about $25,000. Ankerstar Wealth LLC bought a new position in shares of Industrial Select Sector SPDR Fund in the fourth quarter valued at approximately $25,000. Main Street Group LTD purchased a new position in Industrial Select Sector SPDR Fund during the first quarter valued at approximately $28,000. Financial Network Wealth Advisors LLC grew its stake in Industrial Select Sector SPDR Fund by 148.1% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 117 shares in the last quarter. Finally, Ransom Advisory Ltd purchased a new position in Industrial Select Sector SPDR Fund during the fourth quarter valued at approximately $31,000.

About Industrial Select Sector SPDR Fund

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.