Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) Reaches New 1-Year High – Here’s What Happened

Communication Services Select Sector SPDR Fund (NYSEARCA:XLC)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $97.82 and last traded at $97.82, with a volume of 165228 shares changing hands. The stock had previously closed at $96.88.

Communication Services Select Sector SPDR Fund Stock Up 0.2 %

The company has a market capitalization of $21.24 billion, a P/E ratio of 29.67 and a beta of 1.15. The business has a fifty day moving average price of $92.01 and a 200 day moving average price of $87.40.

Institutional Trading of Communication Services Select Sector SPDR Fund

A number of institutional investors have recently modified their holdings of the company. Allworth Financial LP lifted its holdings in shares of Communication Services Select Sector SPDR Fund by 35.0% in the third quarter. Allworth Financial LP now owns 459 shares of the company’s stock valued at $41,000 after purchasing an additional 119 shares in the last quarter. Financial Counselors Inc. raised its holdings in Communication Services Select Sector SPDR Fund by 1.8% during the third quarter. Financial Counselors Inc. now owns 6,812 shares of the company’s stock worth $616,000 after acquiring an additional 120 shares in the last quarter. Abbot Financial Management Inc. raised its holdings in Communication Services Select Sector SPDR Fund by 4.2% during the second quarter. Abbot Financial Management Inc. now owns 3,075 shares of the company’s stock worth $263,000 after acquiring an additional 125 shares in the last quarter. Clarus Wealth Advisors raised its holdings in Communication Services Select Sector SPDR Fund by 0.6% during the third quarter. Clarus Wealth Advisors now owns 21,198 shares of the company’s stock worth $1,901,000 after acquiring an additional 127 shares in the last quarter. Finally, Chesapeake Wealth Management raised its holdings in Communication Services Select Sector SPDR Fund by 0.4% during the second quarter. Chesapeake Wealth Management now owns 29,766 shares of the company’s stock worth $2,550,000 after acquiring an additional 129 shares in the last quarter.

Communication Services Select Sector SPDR Fund Company Profile

The Communication Services Select Sector SPDR Fund (XLC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of US telecommunication and media & entertainment components of the S&P 500 index. XLC was launched on Jun 18, 2018 and is managed by State Street.