Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) Shares Up 1.4%

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Shares of Communication Services Select Sector SPDR Fund (NYSEARCA:XLCGet Rating) traded up 1.4% during mid-day trading on Friday . The stock traded as high as $54.27 and last traded at $53.84. 11,356,778 shares were traded during mid-day trading, an increase of 48% from the average session volume of 7,647,818 shares. The stock had previously closed at $53.08.

The stock has a 50-day moving average of $60.06 and a 200 day moving average of $67.79.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PrairieView Partners LLC bought a new position in Communication Services Select Sector SPDR Fund during the first quarter valued at about $26,000. Hardy Reed LLC purchased a new position in Communication Services Select Sector SPDR Fund in the first quarter valued at about $31,000. Lloyd Advisory Services LLC. grew its position in shares of Communication Services Select Sector SPDR Fund by 234.5% during the 1st quarter. Lloyd Advisory Services LLC. now owns 465 shares of the company’s stock valued at $32,000 after acquiring an additional 326 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Communication Services Select Sector SPDR Fund during the 4th quarter valued at approximately $35,000. Finally, Cornerstone Advisory LLC purchased a new stake in shares of Communication Services Select Sector SPDR Fund during the 4th quarter worth approximately $40,000.

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