Financial Select Sector SPDR Fund (NYSEARCA:XLF) Hits New 52-Week High at $42.51

Financial Select Sector SPDR Fund (NYSEARCA:XLF) shares hit a new 52-week high during trading on Friday . The company traded as high as $42.51 and last traded at $42.51, with a volume of 17165373 shares trading hands. The stock had previously closed at $42.24.

Financial Select Sector SPDR Fund Trading Up 0.3 %

The stock has a market capitalization of $39.49 billion, a P/E ratio of 18.32 and a beta of 0.83. The stock’s 50 day simple moving average is $41.43 and its 200 day simple moving average is $40.30.

Institutional Trading of Financial Select Sector SPDR Fund

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in Financial Select Sector SPDR Fund by 18.8% during the 1st quarter. JPMorgan Chase & Co. now owns 144,130,208 shares of the exchange traded fund’s stock worth $6,070,764,000 after buying an additional 22,835,066 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Financial Select Sector SPDR Fund during the fourth quarter worth about $300,800,000. MKP Capital Management L.L.C. increased its holdings in shares of Financial Select Sector SPDR Fund by 167.2% in the 4th quarter. MKP Capital Management L.L.C. now owns 10,842,400 shares of the exchange traded fund’s stock worth $407,674,000 after acquiring an additional 6,784,428 shares during the period. National Bank of Canada FI lifted its position in Financial Select Sector SPDR Fund by 39.4% in the 4th quarter. National Bank of Canada FI now owns 20,680,311 shares of the exchange traded fund’s stock valued at $780,889,000 after purchasing an additional 5,848,028 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Financial Select Sector SPDR Fund by 686.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,207,504 shares of the exchange traded fund’s stock valued at $177,220,000 after purchasing an additional 3,672,795 shares during the period.

Financial Select Sector SPDR Fund Company Profile

The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.