Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Sets New 52-Week High – Still a Buy?

Industrial Select Sector SPDR Fund (NYSEARCA:XLI)’s share price reached a new 52-week high on Monday . The company traded as high as $143.80 and last traded at $143.62, with a volume of 905390 shares changing hands. The stock had previously closed at $142.65.

Industrial Select Sector SPDR Fund Stock Performance

The firm has a market capitalization of $21.01 billion, a PE ratio of 26.03 and a beta of 0.90. The business’s 50 day moving average is $136.92 and its two-hundred day moving average is $129.08.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in XLI. Highline Wealth Partners LLC purchased a new position in Industrial Select Sector SPDR Fund in the third quarter worth $25,000. FSA Wealth Management LLC bought a new stake in Industrial Select Sector SPDR Fund in the third quarter worth $27,000. Rothschild Investment LLC bought a new stake in Industrial Select Sector SPDR Fund in the second quarter worth $30,000. Pathway Financial Advisers LLC bought a new stake in Industrial Select Sector SPDR Fund in the first quarter worth $33,000. Finally, Versant Capital Management Inc bought a new stake in Industrial Select Sector SPDR Fund in the second quarter worth $40,000.

About Industrial Select Sector SPDR Fund

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.