Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Shares Pass Above Fifty Day Moving Average – Here’s Why

Industrial Select Sector SPDR Fund (NYSEARCA:XLI)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $136.34 and traded as high as $138.61. Industrial Select Sector SPDR Fund shares last traded at $138.56, with a volume of 5,444,715 shares.

Industrial Select Sector SPDR Fund Stock Up 0.9 %

The company has a market capitalization of $20.35 billion, a P/E ratio of 26.03 and a beta of 0.90. The stock has a fifty day simple moving average of $136.34 and a 200-day simple moving average of $134.47.

Hedge Funds Weigh In On Industrial Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its holdings in shares of Industrial Select Sector SPDR Fund by 34.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 367,737 shares of the exchange traded fund’s stock valued at $50,292,000 after buying an additional 95,107 shares during the last quarter. Axxcess Wealth Management LLC lifted its position in shares of Industrial Select Sector SPDR Fund by 13.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 14,023 shares of the exchange traded fund’s stock worth $1,848,000 after purchasing an additional 1,700 shares in the last quarter. Flagship Wealth Advisors LLC bought a new stake in shares of Industrial Select Sector SPDR Fund during the fourth quarter valued at approximately $77,000. Provident Co of the Employees of the Hebrew University LTD increased its holdings in shares of Industrial Select Sector SPDR Fund by 0.3% in the fourth quarter. Provident Co of the Employees of the Hebrew University LTD now owns 50,372 shares of the exchange traded fund’s stock valued at $6,632,000 after purchasing an additional 145 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its position in Industrial Select Sector SPDR Fund by 1.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 12,617 shares of the exchange traded fund’s stock worth $1,662,000 after purchasing an additional 121 shares during the last quarter.

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.