Communication Services Select Sector SPDR Fund (NYSEARCA:XLC – Get Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $88.63 and last traded at $88.44, with a volume of 240894 shares. The stock had previously closed at $87.78.
Communication Services Select Sector SPDR Fund Trading Up 0.3 %
The stock’s fifty day moving average is $85.66 and its two-hundred day moving average is $83.44. The company has a market capitalization of $19.27 billion, a PE ratio of 29.67 and a beta of 1.15.
Hedge Funds Weigh In On Communication Services Select Sector SPDR Fund
Several institutional investors and hedge funds have recently bought and sold shares of the company. 9258 Wealth Management LLC lifted its holdings in Communication Services Select Sector SPDR Fund by 8.8% during the fourth quarter. 9258 Wealth Management LLC now owns 14,744 shares of the company’s stock valued at $1,071,000 after purchasing an additional 1,193 shares during the last quarter. Rollins Financial lifted its stake in shares of Communication Services Select Sector SPDR Fund by 18.1% during the 4th quarter. Rollins Financial now owns 5,704 shares of the company’s stock valued at $414,000 after buying an additional 874 shares in the last quarter. Principal Securities Inc. bought a new position in Communication Services Select Sector SPDR Fund in the 4th quarter worth approximately $39,000. Financial Advocates Investment Management grew its stake in Communication Services Select Sector SPDR Fund by 27.3% in the 4th quarter. Financial Advocates Investment Management now owns 4,270 shares of the company’s stock valued at $310,000 after buying an additional 916 shares in the last quarter. Finally, TrinityPoint Wealth LLC grew its stake in Communication Services Select Sector SPDR Fund by 10.2% in the 4th quarter. TrinityPoint Wealth LLC now owns 61,060 shares of the company’s stock valued at $4,437,000 after buying an additional 5,643 shares in the last quarter.
About Communication Services Select Sector SPDR Fund
The Communication Services Select Sector SPDR Fund (XLC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of US telecommunication and media & entertainment components of the S&P 500 index. XLC was launched on Jun 18, 2018 and is managed by State Street.
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