Financial Select Sector SPDR Fund (NYSEARCA:XLF) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

by · The Cerbat Gem

Financial Select Sector SPDR Fund (NYSEARCA:XLF – Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $51.79 and traded as high as $52.58. Financial Select Sector SPDR Fund shares last traded at $52.09, with a volume of 61,806,841 shares trading hands.

Financial Select Sector SPDR Fund Price Performance

The firm has a market capitalization of $52.80 billion, a price-to-earnings ratio of 18.25 and a beta of 0.99. The firm’s 50-day simple moving average is $53.38 and its 200 day simple moving average is $51.79.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Capitol Family Office Inc. raised its position in Financial Select Sector SPDR Fund by 0.8% during the third quarter. Capitol Family Office Inc. now owns 23,903 shares of the exchange traded fund’s stock valued at $1,288,000 after purchasing an additional 189 shares in the last quarter. Pettyjohn Wood & White Inc. increased its holdings in shares of Financial Select Sector SPDR Fund by 1.5% during the second quarter. Pettyjohn Wood & White Inc. now owns 13,077 shares of the exchange traded fund’s stock worth $685,000 after buying an additional 197 shares in the last quarter. Providence First Trust Co increased its holdings in shares of Financial Select Sector SPDR Fund by 2.1% during the third quarter. Providence First Trust Co now owns 9,484 shares of the exchange traded fund’s stock worth $511,000 after buying an additional 197 shares in the last quarter. Accredited Investor Services LLC increased its holdings in shares of Financial Select Sector SPDR Fund by 1.2% during the second quarter. Accredited Investor Services LLC now owns 16,907 shares of the exchange traded fund’s stock worth $885,000 after buying an additional 200 shares in the last quarter. Finally, Pettinga Financial Advisors LLC increased its holdings in shares of Financial Select Sector SPDR Fund by 1.6% during the third quarter. Pettinga Financial Advisors LLC now owns 12,640 shares of the exchange traded fund’s stock worth $681,000 after buying an additional 200 shares in the last quarter. 72.51% of the stock is currently owned by institutional investors and hedge funds.

About Financial Select Sector SPDR Fund

(Get Free Report)

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.

Further Reading