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

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) reached a new 52-week high during trading on Friday . The stock traded as high as $160.64 and last traded at $160.34, with a volume of 16402269 shares traded. The stock had previously closed at $155.63.

Health Care Select Sector SPDR Fund Price Performance

The company’s fifty day simple moving average is $148.46 and its 200-day simple moving average is $151.80. The firm has a market capitalization of $42.03 billion, a PE ratio of 21.15 and a beta of 0.58.

Institutional Trading of Health Care Select Sector SPDR Fund

A number of institutional investors have recently bought and sold shares of XLV. Bank of America Corp DE grew its holdings in shares of Health Care Select Sector SPDR Fund by 11.7% during the first quarter. Bank of America Corp DE now owns 31,021,559 shares of the exchange traded fund’s stock valued at $4,548,071,000 after buying an additional 3,259,957 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Health Care Select Sector SPDR Fund by 21.4% in the 4th quarter. JPMorgan Chase & Co. now owns 16,768,323 shares of the exchange traded fund’s stock worth $2,595,737,000 after acquiring an additional 2,957,648 shares during the last quarter. Morgan Stanley lifted its position in Health Care Select Sector SPDR Fund by 8.4% during the 4th quarter. Morgan Stanley now owns 11,486,551 shares of the exchange traded fund’s stock worth $1,778,118,000 after acquiring an additional 886,109 shares during the period. Raymond James Financial Inc. lifted its position in Health Care Select Sector SPDR Fund by 1.7% during the 4th quarter. Raymond James Financial Inc. now owns 4,974,099 shares of the exchange traded fund’s stock worth $769,991,000 after acquiring an additional 81,347 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in Health Care Select Sector SPDR Fund by 34.2% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,224,401 shares of the exchange traded fund’s stock valued at $653,925,000 after purchasing an additional 1,076,023 shares during the last quarter.

About Health Care Select Sector SPDR Fund

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.