Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) Reaches New 52-Week High – What’s Next?

Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) hit a new 52-week high on Thursday . The company traded as high as $103.97 and last traded at $104.09, with a volume of 454645 shares traded. The stock had previously closed at $103.48.

Communication Services Select Sector SPDR Fund Trading Up 0.6 %

The stock’s 50 day moving average is $99.54 and its 200 day moving average is $93.45. The firm has a market cap of $22.78 billion, a price-to-earnings ratio of 29.67 and a beta of 1.15.

Institutional Trading of Communication Services Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently modified their holdings of XLC. Sound Income Strategies LLC purchased a new stake in Communication Services Select Sector SPDR Fund during the 3rd quarter valued at about $25,000. Arlington Trust Co LLC bought a new stake in shares of Communication Services Select Sector SPDR Fund in the fourth quarter valued at about $28,000. SBI Securities Co. Ltd. bought a new position in Communication Services Select Sector SPDR Fund in the fourth quarter worth about $31,000. MCF Advisors LLC acquired a new position in shares of Communication Services Select Sector SPDR Fund during the third quarter valued at about $32,000. Finally, Roxbury Financial LLC purchased a new stake in Communication Services Select Sector SPDR Fund in the fourth quarter valued at approximately $37,000.

Communication Services Select Sector SPDR Fund Company Profile

The Communication Services Select Sector SPDR Fund (XLC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of US telecommunication and media & entertainment components of the S&P 500 index. XLC was launched on Jun 18, 2018 and is managed by State Street.