Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Trading 0.3% Higher – Still a Buy?

Health Care Select Sector SPDR Fund (NYSEARCA:XLV)’s share price traded up 0.3% during trading on Monday . The stock traded as high as $145.09 and last traded at $144.70. 6,255,458 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 7,437,709 shares. The stock had previously closed at $144.28.

Health Care Select Sector SPDR Fund Price Performance

The business has a 50 day moving average price of $148.46 and a 200 day moving average price of $149.33. The stock has a market capitalization of $39.16 billion, a PE ratio of 23.82 and a beta of 0.55.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in XLV. Asset Advisors Investment Management LLC raised its holdings in Health Care Select Sector SPDR Fund by 10.7% in the 3rd quarter. Asset Advisors Investment Management LLC now owns 95,124 shares of the exchange traded fund’s stock worth $14,651,000 after acquiring an additional 9,177 shares during the last quarter. Peapack Gladstone Financial Corp increased its holdings in shares of Health Care Select Sector SPDR Fund by 0.6% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 201,293 shares of the exchange traded fund’s stock worth $31,002,000 after purchasing an additional 1,271 shares in the last quarter. Synovus Financial Corp raised its stake in shares of Health Care Select Sector SPDR Fund by 35.0% in the third quarter. Synovus Financial Corp now owns 22,711 shares of the exchange traded fund’s stock worth $3,498,000 after purchasing an additional 5,883 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of Health Care Select Sector SPDR Fund by 4,965.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 93,662 shares of the exchange traded fund’s stock valued at $14,426,000 after purchasing an additional 91,813 shares in the last quarter. Finally, Arvest Bank Trust Division purchased a new stake in shares of Health Care Select Sector SPDR Fund during the third quarter valued at $11,287,000.

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).