Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Industrial Select Sector SPDR Fund (NYSEARCA:XLI)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $136.34 and traded as high as $138.61. Industrial Select Sector SPDR Fund shares last traded at $138.56, with a volume of 5,444,715 shares changing hands.

Industrial Select Sector SPDR Fund Price Performance

The stock has a market capitalization of $20.35 billion, a price-to-earnings ratio of 26.03 and a beta of 0.90. The stock has a 50-day moving average of $136.34 and a 200 day moving average of $134.47.

Institutional Investors Weigh In On Industrial Select Sector SPDR Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Iams Wealth Management LLC raised its position in shares of Industrial Select Sector SPDR Fund by 25.1% in the 3rd quarter. Iams Wealth Management LLC now owns 2,742 shares of the exchange traded fund’s stock valued at $371,000 after acquiring an additional 551 shares during the period. Creative Planning raised its holdings in Industrial Select Sector SPDR Fund by 2.0% in the third quarter. Creative Planning now owns 107,894 shares of the exchange traded fund’s stock worth $14,613,000 after purchasing an additional 2,163 shares during the period. CX Institutional boosted its position in shares of Industrial Select Sector SPDR Fund by 33.5% during the third quarter. CX Institutional now owns 12,859 shares of the exchange traded fund’s stock worth $1,742,000 after purchasing an additional 3,229 shares in the last quarter. ORG Partners LLC boosted its position in shares of Industrial Select Sector SPDR Fund by 525.0% during the third quarter. ORG Partners LLC now owns 450 shares of the exchange traded fund’s stock worth $61,000 after purchasing an additional 378 shares in the last quarter. Finally, Granite Harbor Advisors Inc. grew its holdings in shares of Industrial Select Sector SPDR Fund by 1.2% in the 3rd quarter. Granite Harbor Advisors Inc. now owns 30,231 shares of the exchange traded fund’s stock valued at $4,095,000 after buying an additional 369 shares during the period.

Industrial Select Sector SPDR Fund Company Profile

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.