Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) Trading Up 0.1%

Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) shares rose 0.1% on Monday . The company traded as high as $80.22 and last traded at $79.58. Approximately 5,457,047 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 6,115,628 shares. The stock had previously closed at $79.47.

Communication Services Select Sector SPDR Fund Trading Up 0.1 %

The company has a market cap of $18.02 billion, a price-to-earnings ratio of 30.32 and a beta of 1.20. The business has a fifty day moving average price of $80.45 and a two-hundred day moving average price of $74.58.

Hedge Funds Weigh In On Communication Services Select Sector SPDR Fund

A number of hedge funds have recently added to or reduced their stakes in XLC. Headlands Technologies LLC acquired a new position in Communication Services Select Sector SPDR Fund in the third quarter worth approximately $25,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in Communication Services Select Sector SPDR Fund in the fourth quarter worth approximately $25,000. WestHill Financial Advisors Inc. acquired a new position in Communication Services Select Sector SPDR Fund in the third quarter worth approximately $26,000. Windsor Advisory Group LLC acquired a new position in Communication Services Select Sector SPDR Fund in the fourth quarter worth approximately $28,000. Finally, Capital Investment Advisory Services LLC increased its holdings in 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 worth $28,000 after buying an additional 382 shares during the last quarter.

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.