Traders sold shares of Financial Select Sector SPDR Fund (NYSE:XLF) on strength during trading on Wednesday. $114.46 million flowed into the stock on the tick-up and $171.94 million flowed out of the stock on the tick-down, for a money net flow of $57.48 million out of the stock. Of all equities tracked, Financial Select Sector SPDR Fund had the 8th highest net out-flow for the day. Financial Select Sector SPDR Fund traded up $0.04 for the day and closed at $26.64

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Financial Select Sector SPDR Fund by 117.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,368,496 shares of the exchange traded fund’s stock valued at $329,800,000 after buying an additional 7,212,427 shares during the period. Bank of Nova Scotia increased its stake in shares of Financial Select Sector SPDR Fund by 48.1% in the 2nd quarter. Bank of Nova Scotia now owns 9,587,388 shares of the exchange traded fund’s stock valued at $237,230,000 after buying an additional 3,114,660 shares during the period. Quantitative Investment Management LLC increased its stake in shares of Financial Select Sector SPDR Fund by 269.6% in the 2nd quarter. Quantitative Investment Management LLC now owns 8,589,900 shares of the exchange traded fund’s stock valued at $211,912,000 after buying an additional 6,265,900 shares during the period. Pinnacle Advisory Group Inc. increased its stake in shares of Financial Select Sector SPDR Fund by 41.6% in the 3rd quarter. Pinnacle Advisory Group Inc. now owns 6,267,231 shares of the exchange traded fund’s stock valued at $162,071,000 after buying an additional 1,840,000 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Financial Select Sector SPDR Fund by 13.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 3,898,108 shares of the exchange traded fund’s stock valued at $96,166,000 after buying an additional 455,595 shares during the period.

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Financial Select Sector SPDR Fund Company Profile

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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