Financial Select Sector SPDR Fund (NYSEARCA:XLF) Shares Pass Above 200-Day Moving Average of $27.06

Financial Select Sector SPDR Fund (NYSEARCA:XLF)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $27.06 and traded as high as $28.59. Financial Select Sector SPDR Fund shares last traded at $28.59, with a volume of 2,268,583 shares traded.

The stock’s 50-day moving average is $27.18 and its two-hundred day moving average is $27.06.

Several large investors have recently modified their holdings of the stock. Provida Pension Fund Administrator bought a new position in Financial Select Sector SPDR Fund during the second quarter valued at $15,009,000. Rehmann Capital Advisory Group lifted its position in Financial Select Sector SPDR Fund by 13.8% during the second quarter. Rehmann Capital Advisory Group now owns 12,759 shares of the exchange traded fund’s stock valued at $352,000 after purchasing an additional 1,546 shares during the last quarter. Toronto Dominion Bank lifted its position in Financial Select Sector SPDR Fund by 291.1% during the second quarter. Toronto Dominion Bank now owns 1,960,130 shares of the exchange traded fund’s stock valued at $54,099,000 after purchasing an additional 1,458,919 shares during the last quarter. Atria Investments LLC lifted its position in Financial Select Sector SPDR Fund by 67.4% during the second quarter. Atria Investments LLC now owns 191,477 shares of the exchange traded fund’s stock valued at $5,066,000 after purchasing an additional 77,096 shares during the last quarter. Finally, RFG Advisory LLC bought a new position in Financial Select Sector SPDR Fund during the second quarter valued at $209,000.

About Financial Select Sector SPDR Fund (NYSEARCA:XLF)

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.

Further Reading: When can a hold rating present a buying opportunity?

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