Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) Sets New 52-Week High at $87.04

Shares of Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $87.04 and last traded at $87.03, with a volume of 1104420 shares traded. The stock had previously closed at $86.09.

Communication Services Select Sector SPDR Fund Stock Up 1.4 %

The company’s fifty day moving average is $83.20 and its 200 day moving average is $79.76. The firm has a market cap of $19.10 billion, a price-to-earnings ratio of 29.67 and a beta of 1.15.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Boltwood Capital Management lifted its stake in shares of Communication Services Select Sector SPDR Fund by 0.6% during the 1st quarter. Boltwood Capital Management now owns 20,430 shares of the company’s stock worth $1,668,000 after buying an additional 125 shares during the last quarter. Scotia Capital Inc. lifted its stake in shares of Communication Services Select Sector SPDR Fund by 1.5% during the 4th quarter. Scotia Capital Inc. now owns 9,718 shares of the company’s stock worth $706,000 after buying an additional 142 shares during the last quarter. Byrne Asset Management LLC lifted its stake in shares of Communication Services Select Sector SPDR Fund by 7.4% during the 1st quarter. Byrne Asset Management LLC now owns 2,189 shares of the company’s stock worth $179,000 after buying an additional 150 shares during the last quarter. Pure Financial Advisors LLC lifted its stake in shares of Communication Services Select Sector SPDR Fund by 3.4% during the 4th quarter. Pure Financial Advisors LLC now owns 4,650 shares of the company’s stock worth $338,000 after buying an additional 151 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its stake in shares of Communication Services Select Sector SPDR Fund by 1.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 10,631 shares of the company’s stock worth $772,000 after buying an additional 153 shares during 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.