Communications Services Select Sector SPDR Fund (NYSEARCA:XLC) hits new 12-month high of $87.99

Communication Services Select Sector SPDR Fund (NYSEARCA:XLC – Get Your Free Report ) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $87.99 and last traded at $87.67, with a volume of 610303 shares traded. Shares previously closed at $87.55.

Communications Services Select Sector SPDR Fund Price Performance

The company’s 50-day simple moving average is $85.49, and its 200-day simple moving average is $82.60. The stock has a market cap of $19.15 billion, a P/E ratio of 29.67 and a beta of 1.15.

Hedge Funds Influence Communications Select Sector SPDR Fund

Several institutional investors and hedge funds have recently modified their holdings of XLC. International Assets Investment Management LLC purchased a new position in shares of Communication Services Select Sector SPDR Fund in the fourth quarter valued at $9,456,000. Capital Investment Advisory Services LLC boosted its holdings in shares of Communication Services Select Sector SPDR Fund by 4,775.0% in the fourth quarter. Capital Investment Advisory Services LLC now owns 390 shares of the company’s stock valued at $28,000 after purchasing an additional 382 shares in the last quarter. Atria Wealth Solutions Inc. boosted its holdings in shares of Communication Services Select Sector SPDR Fund by 48.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 25,204 shares of the company’s stock valued at $1,831,000 after purchasing an additional 8,178 shares in the last quarter. Bailard Inc. boosted its holdings in shares of Communication Services Select Sector SPDR Fund by 5.9% in the fourth quarter. Bailard Inc. now owns 13,477 shares of the company’s stock valued at $979,000 after buying an additional 755 shares in the last quarter. Finally, Jackson Hole Capital Partners LLC boosted its holdings in shares of Communication Services Select Sector SPDR Fund by 889.0% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 900 shares of the company’s stock valued at $65,000 after purchasing an additional 809 shares in the last quarter.

About Select Sector SPDR Fund Communication Services

(Get a free report)

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

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