Financial Select Sector SPDR Fund (NYSEARCA:XLF) Shares Cross Above Two Hundred Day Moving Average of $37.35

Financial Select Sector SPDR Fund (NYSEARCA:XLF) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $37.35 and traded as high as $40.74. Financial Select Sector SPDR Fund shares last traded at $39.86, with a volume of 71,344,885 shares trading hands.

Financial Select Sector SPDR Fund Trading Up 0.3 %

The company has a 50 day moving average price of $40.58 and a 200 day moving average price of $37.40. The company has a market capitalization of $36.71 billion, a price-to-earnings ratio of 18.09 and a beta of 0.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XLF. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in shares of Financial Select Sector SPDR Fund by 11.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 3,188 shares of the exchange traded fund’s stock valued at $122,000 after purchasing an additional 338 shares during the last quarter. Flow Traders U.S. LLC bought a new position in Financial Select Sector SPDR Fund in the first quarter valued at about $1,249,000. Interchange Capital Partners LLC bought a new position in Financial Select Sector SPDR Fund in the first quarter valued at about $209,000. Founders Financial Securities LLC raised its position in Financial Select Sector SPDR Fund by 43.6% in the first quarter. Founders Financial Securities LLC now owns 53,915 shares of the exchange traded fund’s stock valued at $2,066,000 after purchasing an additional 16,363 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. bought a new position in Financial Select Sector SPDR Fund in the first quarter valued at about $532,000.

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.