Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) Stock Price Up 1% – What’s Next?

Communication Services Select Sector SPDR Fund (NYSEARCA:XLCGet Free Report)’s stock price shot up 1% on Wednesday . The stock traded as high as $99.81 and last traded at $99.25. 5,381,445 shares traded hands during trading, an increase of 10% from the average session volume of 4,901,725 shares. The stock had previously closed at $98.27.

Communication Services Select Sector SPDR Fund Stock Up 0.9 %

The company has a market capitalization of $21.97 billion, a price-to-earnings ratio of 29.67 and a beta of 1.15. The stock has a 50 day moving average of $98.34 and a 200 day moving average of $91.86.

Hedge Funds Weigh In On Communication Services Select Sector SPDR Fund

A number of large investors have recently modified their holdings of XLC. Regal Investment Advisors LLC grew its holdings in Communication Services Select Sector SPDR Fund by 18.1% during the second quarter. Regal Investment Advisors LLC now owns 17,687 shares of the company’s stock worth $1,515,000 after buying an additional 2,705 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Communication Services Select Sector SPDR Fund by 71.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,900 shares of the company’s stock worth $934,000 after acquiring an additional 4,534 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Communication Services Select Sector SPDR Fund by 38.0% in the second quarter. NewEdge Advisors LLC now owns 153,234 shares of the company’s stock valued at $13,126,000 after purchasing an additional 42,162 shares during the last quarter. Creative Planning lifted its position in shares of Communication Services Select Sector SPDR Fund by 6.9% during the second quarter. Creative Planning now owns 33,403 shares of the company’s stock valued at $2,861,000 after purchasing an additional 2,142 shares in the last quarter. Finally, Magnolia Capital Advisors LLC boosted its holdings in Communication Services Select Sector SPDR Fund by 23.1% during the second quarter. Magnolia Capital Advisors LLC now owns 8,113 shares of the company’s stock worth $695,000 after purchasing an additional 1,523 shares during the last quarter.

Communication Services Select Sector SPDR Fund Company Profile

(Get Free Report)

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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