Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Stock Price Crosses Above 50-Day Moving Average of $104.72

view original post

Shares of Industrial Select Sector SPDR Fund (NYSEARCA:XLI) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $104.72 and traded as high as $107.25. Industrial Select Sector SPDR Fund shares last traded at $107.05, with a volume of 14,221,589 shares changing hands.

The firm’s fifty day simple moving average is $104.72 and its 200 day simple moving average is $103.24.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Stillwater Investment Management LLC boosted its stake in shares of Industrial Select Sector SPDR Fund by 2.1% in the 4th quarter. Stillwater Investment Management LLC now owns 34,851 shares of the exchange traded fund’s stock valued at $3,688,000 after purchasing an additional 702 shares in the last quarter. Confluence Investment Management LLC boosted its stake in shares of Industrial Select Sector SPDR Fund by 8.1% in the 4th quarter. Confluence Investment Management LLC now owns 42,348 shares of the exchange traded fund’s stock valued at $4,481,000 after purchasing an additional 3,157 shares in the last quarter. Rovin Capital UT ADV acquired a new stake in shares of Industrial Select Sector SPDR Fund in the 3rd quarter valued at approximately $818,000. Vickerman Investment Advisors Inc. acquired a new stake in shares of Industrial Select Sector SPDR Fund in the 3rd quarter valued at approximately $7,417,000. Finally, TNF LLC acquired a new stake in shares of Industrial Select Sector SPDR Fund in the 3rd quarter valued at approximately $234,000.

About Industrial Select Sector SPDR Fund (NYSEARCA:XLI)

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.

See Also: Convertible Shares

Want More Great Investing Ideas?