Investors Buy Financial Select Sector SPDR Fund (XLF) on Weakness

Investors bought shares of Financial Select Sector SPDR Fund (NYSEARCA:XLF) on weakness during trading on Thursday. $333.64 million flowed into the stock on the tick-up and $279.82 million flowed out of the stock on the tick-down, for a money net flow of $53.82 million into the stock. Of all equities tracked, Financial Select Sector SPDR Fund had the 31st highest net in-flow for the day. Financial Select Sector SPDR Fund traded down ($0.36) for the day and closed at $25.60

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XLF. Marshall Wace LLP grew its holdings in Financial Select Sector SPDR Fund by 1,104.1% during the 3rd quarter. Marshall Wace LLP now owns 572,931 shares of the exchange traded fund’s stock worth $15,801,000 after acquiring an additional 525,351 shares in the last quarter. Matthew Goff Investment Advisor LLC acquired a new position in Financial Select Sector SPDR Fund during the 3rd quarter worth $947,000. GFS Advisors LLC grew its holdings in Financial Select Sector SPDR Fund by 31.2% during the 3rd quarter. GFS Advisors LLC now owns 57,519 shares of the exchange traded fund’s stock worth $1,586,000 after acquiring an additional 13,669 shares in the last quarter. Carnegie Capital Asset Management LLC grew its holdings in Financial Select Sector SPDR Fund by 62.1% during the 3rd quarter. Carnegie Capital Asset Management LLC now owns 291,035 shares of the exchange traded fund’s stock worth $7,775,000 after acquiring an additional 111,458 shares in the last quarter. Finally, Belpointe Asset Management LLC grew its holdings in Financial Select Sector SPDR Fund by 13.7% during the 3rd quarter. Belpointe Asset Management LLC now owns 50,486 shares of the exchange traded fund’s stock worth $1,392,000 after acquiring an additional 6,092 shares in the last quarter.

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Financial Select Sector SPDR Fund Company Profile (NYSEARCA:XLF)

The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.

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