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

Industrial Select Sector SPDR Fund (NYSEARCA:XLI)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $139.45 and last traded at $139.45, with a volume of 1644 shares trading hands. The stock had previously closed at $139.25.

Industrial Select Sector SPDR Fund Stock Performance

The stock has a 50 day moving average price of $130.54 and a 200 day moving average price of $125.97. The company has a market capitalization of $20.43 billion, a P/E ratio of 26.03 and a beta of 0.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of XLI. North Star Investment Management Corp. purchased a new position in Industrial Select Sector SPDR Fund in the first quarter valued at approximately $25,000. Rothschild Investment LLC bought a new stake in shares of Industrial Select Sector SPDR Fund in the second quarter valued at $30,000. Pathway Financial Advisers LLC purchased a new position in shares of Industrial Select Sector SPDR Fund during the 1st quarter valued at $33,000. Independence Bank of Kentucky raised its stake in Industrial Select Sector SPDR Fund by 338.1% in the 1st quarter. Independence Bank of Kentucky now owns 276 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 213 shares during the period. Finally, Cedar Wealth Management LLC lifted its holdings 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 purchasing an additional 100 shares during the last quarter.

About Industrial Select Sector SPDR Fund

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.