Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Reaches New 12-Month High – Here’s Why

Shares of Industrial Select Sector SPDR Fund (NYSEARCA:XLI) hit a new 52-week high on Monday . The stock traded as high as $173.43 and last traded at $173.3970, with a volume of 2313356 shares trading hands. The stock had previously closed at $173.18.

Industrial Select Sector SPDR Fund Stock Up 0.4%

The stock has a market cap of $29.40 billion, a P/E ratio of 24.30 and a beta of 1.07. The firm’s fifty day moving average price is $160.34 and its 200-day moving average price is $155.21.

Hedge Funds Weigh In On Industrial Select Sector SPDR Fund

Hedge funds have recently modified their holdings of the company. Phoenix Financial Ltd. grew its stake in shares of Industrial Select Sector SPDR Fund by 159.8% in the fourth quarter. Phoenix Financial Ltd. now owns 3,950,353 shares of the exchange traded fund’s stock worth $612,778,000 after purchasing an additional 2,430,047 shares during the last quarter. Laurel Wealth Advisors LLC lifted its holdings in Industrial Select Sector SPDR Fund by 17,584.4% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,952,891 shares of the exchange traded fund’s stock worth $288,090,000 after buying an additional 1,941,848 shares during the period. Focus Partners Wealth grew its position in shares of Industrial Select Sector SPDR Fund by 814.7% in the 3rd quarter. Focus Partners Wealth now owns 2,074,413 shares of the exchange traded fund’s stock worth $319,937,000 after buying an additional 1,847,618 shares during the last quarter. Menora Mivtachim Holdings LTD. grew its position in shares of Industrial Select Sector SPDR Fund by 51.5% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 3,528,840 shares of the exchange traded fund’s stock worth $544,253,000 after buying an additional 1,200,000 shares during the last quarter. Finally, PGIM Custom Harvest LLC purchased a new position in shares of Industrial Select Sector SPDR Fund during the third quarter valued at approximately $183,767,000.

About Industrial Select Sector SPDR Fund

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.