Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Hits New 12-Month High – Should You Buy?

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) hit a new 52-week high on Thursday. The stock traded as high as $178.00 and last traded at $178.2570, with a volume of 1,074,641 shares traded. The stock had previously closed at $173.96.

Health Care Select Sector SPDR Fund Price Performance

The firm has a 50 day moving average of $169.64 and a two-hundred day moving average of $158.52. The stock has a market cap of $46.22 billion, a PE ratio of 21.15 and a beta of 0.55.

Institutional Trading of Health Care Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Health Care Select Sector SPDR Fund in the 3rd quarter valued at $3,355,000. Wall Capital Group Inc. increased its holdings in shares of Health Care Select Sector SPDR Fund by 7.6% during the 3rd quarter. Wall Capital Group Inc. now owns 15,546 shares of the exchange traded fund’s stock worth $2,618,000 after buying an additional 1,098 shares during the last quarter. Nvwm LLC increased its holdings in shares of Health Care Select Sector SPDR Fund by 3.5% during the 3rd quarter. Nvwm LLC now owns 38,763 shares of the exchange traded fund’s stock worth $6,529,000 after buying an additional 1,294 shares during the last quarter. HBW Advisory Services LLC increased its holdings in shares of Health Care Select Sector SPDR Fund by 5.5% during the 3rd quarter. HBW Advisory Services LLC now owns 22,402 shares of the exchange traded fund’s stock worth $3,773,000 after buying an additional 1,158 shares during the last quarter. Finally, VMS Asset Management Limited acquired a new stake in shares of Health Care Select Sector SPDR Fund during the 3rd quarter worth $5,659,000.

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.