Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Reaches New 1-Year High – Should You Buy?

Industrial Select Sector SPDR Fund (NYSEARCA:XLI)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $140.73 and last traded at $140.50, with a volume of 992481 shares traded. The stock had previously closed at $136.10.

Industrial Select Sector SPDR Fund Price Performance

The stock has a fifty day moving average price of $133.83 and a 200 day moving average price of $127.42. The stock has a market capitalization of $20.77 billion, a P/E ratio of 26.03 and a beta of 0.90.

Hedge Funds Weigh In On Industrial Select Sector SPDR Fund

A number of large investors have recently made changes to their positions in the stock. Highline Wealth Partners LLC bought a new stake in Industrial Select Sector SPDR Fund during the third quarter valued at $25,000. Rothschild Investment LLC bought a new stake in Industrial Select Sector SPDR Fund during the second quarter valued at $30,000. Pathway Financial Advisers LLC bought a new stake in Industrial Select Sector SPDR Fund during the first quarter valued at $33,000. Blue Trust Inc. boosted its stake in Industrial Select Sector SPDR Fund by 97.3% during the third quarter. Blue Trust Inc. now owns 292 shares of the exchange traded fund’s stock valued at $40,000 after buying an additional 144 shares during the period. Finally, Cedar Wealth Management LLC boosted its stake in Industrial Select Sector SPDR Fund by 50.0% during the first quarter. Cedar Wealth Management LLC now owns 300 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 100 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.