Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Sets New 52-Week High – Still a Buy?

Industrial Select Sector SPDR Fund (NYSEARCA:XLI)’s share price reached a new 52-week high on Monday . The stock traded as high as $143.80 and last traded at $143.62, with a volume of 905390 shares traded. The stock had previously closed at $142.65.

Industrial Select Sector SPDR Fund Price Performance

The firm has a market capitalization of $21.01 billion, a P/E ratio of 26.03 and a beta of 0.90. The firm’s 50 day simple moving average is $136.92 and its two-hundred day simple moving average is $129.08.

Hedge Funds Weigh In On Industrial Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently modified their holdings of XLI. Price T Rowe Associates Inc. MD bought a new position in shares of Industrial Select Sector SPDR Fund during the first quarter valued at about $407,000. Ascent Group LLC bought a new position in shares of Industrial Select Sector SPDR Fund during the first quarter valued at about $250,000. Zurich Insurance Group Ltd FI raised its stake in shares of Industrial Select Sector SPDR Fund by 8.4% during the first quarter. Zurich Insurance Group Ltd FI now owns 72,925 shares of the exchange traded fund’s stock valued at $9,148,000 after acquiring an additional 5,650 shares during the last quarter. Silvercrest Asset Management Group LLC bought a new position in shares of Industrial Select Sector SPDR Fund during the first quarter valued at about $224,000. Finally, Waverly Advisors LLC raised its stake in shares of Industrial Select Sector SPDR Fund by 1,600.3% during the first quarter. Waverly Advisors LLC now owns 41,079 shares of the exchange traded fund’s stock valued at $5,174,000 after acquiring an additional 38,663 shares during the last quarter.

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.