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

Shares of Financial Select Sector SPDR Fund (NYSEARCA:XLF) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $47.81 and traded as high as $51.50. Financial Select Sector SPDR Fund shares last traded at $50.75, with a volume of 51,762,187 shares.

Financial Select Sector SPDR Fund Trading Down 1.2 %

The stock has a market capitalization of $47.31 billion, a PE ratio of 18.32 and a beta of 0.83. The stock has a 50 day moving average price of $49.98 and a 200-day moving average price of $47.81.

Hedge Funds Weigh In On Financial Select Sector SPDR Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sigma Investment Counselors Inc. raised its holdings in Financial Select Sector SPDR Fund by 3.1% during the third quarter. Sigma Investment Counselors Inc. now owns 38,984 shares of the exchange traded fund’s stock valued at $1,767,000 after acquiring an additional 1,171 shares during the period. Massachusetts Wealth Management raised its holdings in Financial Select Sector SPDR Fund by 3.3% during the third quarter. Massachusetts Wealth Management now owns 66,381 shares of the exchange traded fund’s stock valued at $3,008,000 after acquiring an additional 2,145 shares during the period. Heritage Oak Wealth Advisors LLC bought a new stake in Financial Select Sector SPDR Fund during the third quarter valued at about $2,662,000. Legacy Capital Group California Inc. raised its holdings in Financial Select Sector SPDR Fund by 31.2% during the third quarter. Legacy Capital Group California Inc. now owns 11,075 shares of the exchange traded fund’s stock valued at $502,000 after acquiring an additional 2,631 shares during the period. Finally, Dakota Wealth Management raised its holdings in Financial Select Sector SPDR Fund by 11.8% during the third quarter. Dakota Wealth Management now owns 799,129 shares of the exchange traded fund’s stock valued at $36,217,000 after acquiring an additional 84,553 shares during the period.

Financial Select Sector SPDR Fund Company Profile

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.