Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Reaches New 52-Week High – Should You Buy?

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) shares hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $180.06 and last traded at $179.82, with a volume of 8,142,039 shares trading hands. The stock had previously closed at $175.65.

Health Care Select Sector SPDR Fund Stock Up 1.3%

The stock has a market cap of $47.97 billion, a PE ratio of 21.15 and a beta of 0.55. The business’s fifty day moving average is $170.96 and its 200 day moving average is $159.89.

Institutional Investors Weigh In On Health Care Select Sector SPDR Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Evolve Private Wealth LLC acquired a new position in shares of Health Care Select Sector SPDR Fund during the 1st quarter worth $451,000. MBE Wealth Management LLC boosted its position in shares of Health Care Select Sector SPDR Fund by 4.4% in the 1st quarter. MBE Wealth Management LLC now owns 2,558 shares of the exchange traded fund’s stock worth $375,000 after buying an additional 107 shares in the last quarter. Grey Ledge Advisors LLC purchased a new stake in shares of Health Care Select Sector SPDR Fund in the 1st quarter worth about $243,000. Merkkuri Wealth Advisors LLC acquired a new stake in Health Care Select Sector SPDR Fund in the 1st quarter valued at about $42,000. Finally, Fairvoy Private Wealth LLC grew its stake in Health Care Select Sector SPDR Fund by 252.5% in the 1st quarter. Fairvoy Private Wealth LLC now owns 59,096 shares of the exchange traded fund’s stock valued at $8,664,000 after acquiring an additional 42,330 shares during the last quarter.

Health Care Select Sector SPDR Fund Company Profile

Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500). The Health Care Select Sector Index includes companies from the industries, such as pharmaceuticals, healthcare providers and services, healthcare equipment and supplies, biotechnology, life sciences tools and services, and healthcare technology.