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

Financial Select Sector SPDR Fund (NYSEARCA:XLFGet Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $45.46 and traded as high as $49.13. Financial Select Sector SPDR Fund shares last traded at $49.11, with a volume of 20,805,395 shares.

Financial Select Sector SPDR Fund Price Performance

The firm has a market capitalization of $45.45 billion, a PE ratio of 18.32 and a beta of 0.83. The company has a fifty day moving average of $49.06 and a 200-day moving average of $45.51.

Institutional Trading of Financial Select Sector SPDR Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. CarsonAllaria Wealth Management Ltd. bought a new position in Financial Select Sector SPDR Fund in the 3rd quarter worth $26,000. Rakuten Securities Inc. lifted its position 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 purchasing an additional 410 shares during the last quarter. Transcendent Capital Group LLC boosted its stake in Financial Select Sector SPDR Fund by 4,000.0% during the 3rd 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 period. Rational Advisors LLC bought a new position in Financial Select Sector SPDR Fund in the 3rd quarter worth approximately $34,000. Finally, Highline Wealth Partners LLC acquired a new position in shares of Financial Select Sector SPDR Fund during the third quarter worth approximately $36,000.

About Financial Select Sector SPDR Fund

(Get Free Report)

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.

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