Financial Select Sector SPDR Fund (NYSEARCA:XLF) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Financial Select Sector SPDR Fund (NYSEARCA:XLF) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $48.60 and traded as high as $49.83. Financial Select Sector SPDR Fund shares last traded at $49.57, with a volume of 44,279,203 shares changing hands.

Financial Select Sector SPDR Fund Trading Down 0.4 %

The stock has a fifty day simple moving average of $50.40 and a two-hundred day simple moving average of $48.61. The company has a market cap of $51.44 billion, a PE ratio of 16.71 and a beta of 1.06.

Institutional Trading of Financial Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently made changes to their positions in XLF. Copia Wealth Management acquired a new stake in shares of Financial Select Sector SPDR Fund during the 4th quarter worth $27,000. Flagship Wealth Advisors LLC acquired a new stake in Financial Select Sector SPDR Fund in the 4th quarter valued at $28,000. Family Management Corp acquired a new stake in Financial Select Sector SPDR Fund in the 4th quarter valued at $28,000. Synergy Asset Management LLC acquired a new stake in Financial Select Sector SPDR Fund in the 4th quarter valued at $29,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Financial Select Sector SPDR Fund in the 4th quarter valued at $30,000.

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.