Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Reaches New 12-Month High at $128.32

Shares of Industrial Select Sector SPDR Fund (NYSEARCA:XLI) hit a new 52-week high during trading on Wednesday . The company traded as high as $128.32 and last traded at $128.27, with a volume of 3579306 shares trading hands. The stock had previously closed at $126.45.

Industrial Select Sector SPDR Fund Price Performance

The stock has a fifty day moving average price of $123.25 and a two-hundred day moving average price of $121.59. The company has a market cap of $18.78 billion, a P/E ratio of 26.03 and a beta of 0.90.

Institutional Investors Weigh In On Industrial Select Sector SPDR Fund

A number of hedge funds have recently made changes to their positions in the business. Corundum Group Inc. bought a new stake in Industrial Select Sector SPDR Fund during the fourth quarter worth approximately $898,000. Miracle Mile Advisors LLC raised its holdings in Industrial Select Sector SPDR Fund by 1.7% during the fourth quarter. Miracle Mile Advisors LLC now owns 6,424 shares of the exchange traded fund’s stock worth $732,000 after purchasing an additional 105 shares in the last quarter. Country Club Bank GFN raised its holdings in Industrial Select Sector SPDR Fund by 6.8% during the fourth quarter. Country Club Bank GFN now owns 5,269 shares of the exchange traded fund’s stock worth $601,000 after purchasing an additional 337 shares in the last quarter. Milestone Asset Management LLC bought a new stake in Industrial Select Sector SPDR Fund during the fourth quarter worth approximately $209,000. Finally, Straight Path Wealth Management bought a new stake in Industrial Select Sector SPDR Fund during the fourth quarter worth approximately $202,000.

Industrial Select Sector SPDR Fund Company Profile

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.