Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Sets New 1-Year High – Time to Buy?

Health Care Select Sector SPDR Fund (NYSEARCA:XLV)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $167.99 and last traded at $167.7220, with a volume of 1549108 shares traded. The stock had previously closed at $163.40.

Health Care Select Sector SPDR Fund Price Performance

The firm’s 50 day moving average price is $156.12 and its two-hundred day moving average price is $152.93. The stock has a market cap of $42.88 billion, a PE ratio of 21.15 and a beta of 0.56.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in shares of Health Care Select Sector SPDR Fund by 11.7% in the first quarter. Bank of America Corp DE now owns 31,021,559 shares of the exchange traded fund’s stock worth $4,548,071,000 after acquiring an additional 3,259,957 shares during the period. JPMorgan Chase & Co. grew its holdings in Health Care Select Sector SPDR Fund by 21.4% during the 4th quarter. JPMorgan Chase & Co. now owns 16,768,323 shares of the exchange traded fund’s stock valued at $2,595,737,000 after buying an additional 2,957,648 shares in the last quarter. Rokos Capital Management LLP purchased a new position in Health Care Select Sector SPDR Fund during the 4th quarter valued at about $256,589,000. State Street Corp increased its position in shares of Health Care Select Sector SPDR Fund by 897.6% during the second quarter. State Street Corp now owns 1,325,623 shares of the exchange traded fund’s stock valued at $178,681,000 after buying an additional 1,192,747 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Health Care Select Sector SPDR Fund by 34.2% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,224,401 shares of the exchange traded fund’s stock worth $653,925,000 after buying an additional 1,076,023 shares in the last quarter.

Health Care Select Sector SPDR Fund Company Profile

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.