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NYSEARCA:XLF

Financial Select Sector SPDR Fund (XLF) Price, Holdings, & News

$43.42
+0.68 (+1.59%)
(As of 07/26/2024 ET)
Today's Range
$42.95
$43.54
50-Day Range
$40.66
$43.85
52-Week Range
$31.35
$44.10
Volume
32.63 million shs
Average Volume
42.44 million shs
Market Capitalization
$40.48 billion
Assets Under Management
$42.07 billion
Dividend Yield
1.61%
Net Expense Ratio
0.09%
XLF stock logo

About Financial Select Sector SPDR Fund (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.

XLF Stock Price History

XLF ETF News Headlines

State Street building logo
Financial Giant's Shares Soar on EPS Beat and Record Asset Levels (XLF)
State Street beat earnings estimates on its latest release, putting shares up big on the day. Record asset levels also impressed.
This Stock Could Rally Following a Bottom in Mortgage Markets
This Stock Could Rally Following a Bottom in Mortgage Markets
SoFi stock is getting Wall Street's attention just as the mortgage market is looking to make a bottom, in time before the Fed's interest rate cuts are here
This TSLA short trade is on a nine win hot streak
Most Tesla Shareholders are disappointed in the stock's performance in 2024. Year to date, it's down 30%... And things don’t seem to be getting better. That said, one professional trader has found a way to turn Tesla’s demise into a flurry of opportunity… In fact, he has not lost a single trade on Tesla this year. As of this mailing he’s 9 for 9 with incredible wins under his belt. Just see for yourself.
Stock market data on tablet computer
3 Must-Watch Financial Stocks as Sector Approaches Major Breakout (XLF)
The financial sector ETF, XLF, has been consolidating for several months and is approaching a significant breakout level as earnings season begins.
This TSLA short trade is on a nine win hot streak
Most Tesla Shareholders are disappointed in the stock's performance in 2024. Year to date, it's down 30%... And things don’t seem to be getting better. That said, one professional trader has found a way to turn Tesla’s demise into a flurry of opportunity… In fact, he has not lost a single trade on Tesla this year. As of this mailing he’s 9 for 9 with incredible wins under his belt. Just see for yourself.
See More Headlines
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Fund Details

Issuer
SSgA
Fund Name
Financial Select Sector SPDR Fund
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:XLF
Inception Date
12/16/1998
Fund Manager
Mike Feehily, Karl Schneider, Melissa Kapitulik
Web
N/A
Phone
N/A

Fund Focus

Asset Class
Equity
Benchmark
S&P Financial Select Sector Index
Category
Sector
Focus
Financials
Development Level
Developed Markets
Region
North America
Number of Holdings
74

Fund Statistics

Assets Under Management
$42.07 billion
Average Daily Volume
$37.49 million
Discount/Premium
-0.03%

Administrator, Advisor and Custodian

Administrator
State Street Bank and Trust Company
Advisor
SSgA Funds Management, Inc.
Custodian
State Street Bank and Trust Company
Distributor
ALPS Portfolio Solutions Distributor, Inc.
Transfer Agent
State Street Bank and Trust Company
Trustee
N/A
Lead Market Maker
Virtu Financial

Options

Optionable
Optionable
Options Volume
119,422
Put Options
38,175
Call Options
81,247
Short Interest
139,630,000 shs

Miscellaneous

Beta
0.83
Creation Unit
50,000
Creation Fee
$500.00
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Financial Select Sector SPDR Fund Expenses

TypeXLFFinancials ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.03%0.50%0.54%0.51%0.51%
Other Expenses0.06%1.53%0.50%0.59%0.54%
Total Expense0.09%1.21%0.70%0.74%0.71%
Fee Waiver0.00%-0.48%-0.54%-0.69%-0.59%
Net Expense0.09%1.11%0.60%0.58%0.59%

Financial Select Sector SPDR Fund (XLF) Holdings & Exposure

Should I Buy Financial Select Sector SPDR Fund Stock? XLF Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Financial Select Sector SPDR Fund:

  • The Financial Select Sector SPDR Fund (XLF) provides low-cost passive exposure to a portfolio of equity securities in the financial sector, offering diversification benefits to investors.
  • With the current stock price of XLF being at an attractive level, investors may find an entry point that aligns with their investment goals.
  • Investing in XLF allows investors to gain broad exposure to the financial sector, which can be beneficial during periods of economic growth and stability.
  • XLF is a passively managed exchange-traded fund, launched in 1998, with a long track record of performance and stability, providing investors with a sense of security.
  • Given the recent positive developments in the financial sector, investing in XLF may capitalize on the sector's growth potential and overall market performance.

Cons

Investors should be bearish about investing in Financial Select Sector SPDR Fund for these reasons:

  • As an equity-based fund, XLF is subject to market volatility and economic uncertainties, which may lead to fluctuations in the fund's value and potential losses for investors.
  • Investing in sector-specific funds like XLF carries inherent concentration risk, as the fund's performance is closely tied to the financial sector's performance, which can be volatile.
  • During periods of economic downturn or regulatory changes impacting the financial sector, XLF may experience significant downside risk, affecting investor returns.
  • While XLF offers diversification within the financial sector, it may lack exposure to other sectors that could potentially outperform, limiting overall portfolio growth opportunities.
  • Investors should carefully consider their risk tolerance and investment objectives before allocating funds to XLF, as market conditions and sector-specific factors can influence the fund's performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, July 2, 2024. Please send any questions or comments about these Financial Select Sector SPDR Fund pros and cons to contact@marketbeat.com.

XLF ETF - Frequently Asked Questions

How have XLF shares performed this year?

Financial Select Sector SPDR Fund's stock was trading at $37.60 on January 1st, 2024. Since then, XLF stock has increased by 15.5% and is now trading at $43.4250.
View the best growth stocks for 2024 here
.

Who are Financial Select Sector SPDR Fund's major shareholders?

Top institutional shareholders of Financial Select Sector SPDR Fund include Harel Insurance Investments & Financial Services Ltd. (1.04%), Raymond James & Associates (0.88%), Raymond James Financial Services Advisors Inc. (0.30%) and Capital Investment Advisors LLC (0.21%).

How do I buy shares of Financial Select Sector SPDR Fund?

Shares of XLF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Financial Select Sector SPDR Fund own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Financial Select Sector SPDR Fund investors own include Bank of America (BAC), Walt Disney (DIS), AT&T (T), NVIDIA (NVDA), Consumer Staples Select Sector SPDR Fund (XLP), Micron Technology (MU) and Cisco Systems (CSCO).

This page (NYSEARCA:XLF) was last updated on 7/26/2024 by MarketBeat.com Staff

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