Financial Select Sector SPDR Fund (NYSEARCA:XLF) Hits New 1-Year High at $44.11

Financial Select Sector SPDR Fund (NYSEARCA:XLF)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $44.11 and last traded at $43.99, with a volume of 23204010 shares changing hands. The stock had previously closed at $43.85.

Financial Select Sector SPDR Fund Stock Performance

The stock has a market cap of $40.78 billion, a P/E ratio of 18.32 and a beta of 0.83. The stock has a 50-day moving average price of $41.85 and a 200-day moving average price of $40.86.

Hedge Funds Weigh In On Financial Select Sector SPDR Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Able Wealth Management LLC bought a new position in Financial Select Sector SPDR Fund in the fourth quarter valued at $25,000. ORG Partners LLC lifted its position in Financial Select Sector SPDR Fund by 95.8% in the 4th quarter. ORG Partners LLC now owns 742 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 363 shares during the last quarter. Frazier Financial Advisors LLC purchased a new stake in Financial Select Sector SPDR Fund in the fourth quarter worth approximately $32,000. Oakworth Capital Inc. boosted its stake in Financial Select Sector SPDR Fund by 151.4% in the fourth quarter. Oakworth Capital Inc. now owns 905 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 545 shares in the last quarter. Finally, Field & Main Bank raised its stake in shares of Financial Select Sector SPDR Fund by 368.4% during the second quarter. Field & Main Bank now owns 890 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 700 shares in the last quarter.

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.