Financial Select Sector SPDR Fund (NYSEARCA:XLF) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Financial Select Sector SPDR Fund (NYSEARCA:XLF) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $45.72 and traded as high as $48.62. Financial Select Sector SPDR Fund shares last traded at $48.59, with a volume of 25,186,578 shares.

Financial Select Sector SPDR Fund Price Performance

The stock has a market capitalization of $45.30 billion, a price-to-earnings ratio of 18.32 and a beta of 0.83. The business has a 50 day simple moving average of $49.19 and a 200-day simple moving average of $45.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. CarsonAllaria Wealth Management Ltd. bought a new position in shares of Financial Select Sector SPDR Fund during the third quarter worth about $26,000. Rakuten Securities Inc. grew its stake in shares of Financial Select Sector SPDR Fund by 212.4% during the 3rd quarter. Rakuten Securities Inc. now owns 603 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 410 shares in the last quarter. Transcendent Capital Group LLC raised its holdings in shares of Financial Select Sector SPDR Fund by 4,000.0% in the third quarter. Transcendent Capital Group LLC now owns 615 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 600 shares during the last quarter. Rational Advisors LLC bought a new stake in shares of Financial Select Sector SPDR Fund in the third quarter worth $34,000. Finally, Asset Dedication LLC boosted its holdings in Financial Select Sector SPDR Fund by 470.8% during the second quarter. Asset Dedication LLC now owns 879 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 725 shares during the last quarter.

About Financial Select Sector SPDR Fund

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.